Tariffs News: page 3
- April 2025
Which? launches heat pump cost savings calculator
Which? has released an online calculator showing how pairing a heat pump with a specialist electricity tariff can cut annual running costs by hundreds of pounds compared with a gas boiler.
Energy Saving Trust publishes response to future default tariffs consultation
The Energy Saving Trust has told a government call for evidence that suppliers should be obliged to place households on default tariffs that suit their circumstances, and that the default price cap should be reformed.
Smart time of use tariff adoption increased by over 75% in the last year
Ofgem reports that smart time of use tariff adoption rose by more than 75% in the last year, driven by rising electric vehicle ownership and demand for cheaper, more flexible energy options.
- March 2025
Citizens Advice publishes three reports on designing targeted social tariffs with automation in mind
Citizens Advice, IPPR and Policy in Practice have published three reports on how social tariffs for energy, water, broadband and car insurance could be designed and delivered automatically to eligible households.
Octopus pauses new sign-ups to Flux and Intelligent Octopus Flux tariffs
Octopus Energy has temporarily stopped new sign-ups and switches to its Flux and Intelligent Octopus Flux tariffs, citing volatile energy prices, with forum users reporting Snug has also been withdrawn.
Social tariff working group final report shared with UK Government
A Scottish Government working group on a social tariff for energy has sent its final report and recommendations to the UK Government, which holds the powers to implement one.
- February 2025
Ofgem announces energy price cap increase for April to June 2025
Ofgem has raised the energy price cap by 6.4 per cent for April to June 2025, taking a typical household bill to £1,849 a year, and the government is consulting on a wider Warm Home Discount.
Ofgem opens consultation on tariff without standing charge
Ofgem has opened an industry consultation on introducing a tariff without a standing charge, announced alongside a 6% rise in the price cap for April to June 2025.
Ofgem announces third consecutive price cap rise for April to June 2025
Ofgem has set the April to June 2025 Default Tariff Cap at £1,849 a year for a typical dual fuel household, a third consecutive rise and the first April cap above January's since quarterly updates began.
Ofgem launched a consultation on a zero standing charge option within the energy price cap
Ofgem has opened a consultation on a zero standing charge option within the energy price cap, setting out three ways to move fixed daily charges into higher unit prices.
- December 2024
equiwatt launches PowerSmart events for NESO's Demand Flexibility Service
equiwatt has launched PowerSmart events for NESO's Demand Flexibility Service, adding multi-event notifications, more eGift rewards, a spot prize draw and smart device automations for all app users.
- November 2024
DFS became a year-round in-merit service
The Demand Flexibility Service moved from a winter-only scheme to a year-round, in-merit margin tool on 27 November 2024, giving the system operator a standing option to pay households and businesses for shifting electricity use.
Ofgem sets price cap for 1 January to 31 March 2025
Ofgem has set the energy price cap for 1 January to 31 March 2025 at £1,738 a year for a typical Direct Debit dual fuel household, a rise of £21 or 1.2% on the current level.
EDF launches 12-month fixed tariff priced below the January price cap
EDF has launched a 12-month fixed tariff at £1,608 for a typical direct debit household, which it says is £130 below the level the January price cap is expected to reach.
Cornwall Insight report models up to £650 annual savings from heat pump flexing
A Cornwall Insight model commissioned by Nesta finds heat pump owners could save up to £650 a year by moving to a time-of-use tariff and shifting heat demand away from peak times.
Kaluza powers smart charging plan within Volvo Cars app in world first
Volvo electric vehicle drivers can now enrol in OVO's Charge Anytime smart charging plan from inside the Volvo Cars app, at 7p/kWh with 2,700 miles of free charging for enrolling.
Good Energy launches Heat Pump tariff
Good Energy has launched a fixed heat pump tariff with a 10p per kWh off-peak rate, open to all households, according to a battery tariff guide that also records the rate has since risen.
Social tariff working group established
The Scottish Government set up a social tariff working group in November 2024 to co-design a deliverable policy with suppliers and third sector organisations, and sent its recommendations to the UK Government in March 2025.
- October 2024
EDF and Pod Point launch EV charger and tariff bundle
EDF and Pod Point have launched a combined home charger and EV tariff bundle that cuts the upfront charger payment to £499 and spreads the rest over two years.
2024 Flexi Product variable charges change at 1 October 2024
ScottishPower has published revised Flexi Product component rates taking effect from 1 October 2024, with balancing services costs rising and capacity market and smart meter costs falling.
Energy price cap set at £1,717 for typical annual consumption
Ofgem's quarterly price cap for October to December 2024 is set at £1,717 a year for a typical dual fuel household, 10 per cent above the previous level and 38 per cent above winter 2021-22.
Good Energy launches FIT REGO Boost
Good Energy launched FIT REGO Boost in October 2024, a scheme that pays small solar generators for the renewable certificates their panels produce, separate from feed-in tariff payments.
Ofgem minded to remove ban on acquisition-only tariffs from 1 October 2024
Ofgem has said it is minded to lift the ban on acquisition-only tariffs from 1 October 2024, prompting a coalition of consumer groups and suppliers to urge it to reconsider.
Public support for energy social tariff surges ahead of the Budget
Opinium polling for the Warm This Winter campaign puts public support for an energy social tariff at 75 per cent, up from 57 per cent before the General Election, ahead of the Budget.
- September 2024
Consumer Scotland responds to Ofgem standing charges options paper
Consumer Scotland has told Ofgem that shifting suppliers' fixed costs from standing charges to unit rates would penalise households with high essential energy use, including those in Scotland.
EDF launches cheapest energy-only fixed tariffs among major suppliers
EDF has launched a one-year fixed tariff at £1,649 and a two-year fixed tariff at £1,669, both below October 2024's £1,717 price cap, alongside a one-year tariff tracking £50 below the cap.
ScottishPower launches EV Optimise add-on for EV drivers
ScottishPower has launched EV Optimise, an add-on that smart charges electric vehicles at 9p per kWh day and night and credits savings back to the customer's electricity bill.
Share Energy launches as newest Northern Ireland electricity supplier
Share Energy, based in Belfast, launched in September 2024 as the newest electricity supplier in Northern Ireland, claiming it will share half of future profits with customers.
- August 2024
Ofgem to confirm actual October price cap level
Ofgem was due to publish the actual October to December 2024 price cap on 23 August, with analysts and campaigners expecting a rise of around 10 per cent for a typical household.
Ofgem publishes standing charges options paper
Ofgem has published an options paper on reducing domestic standing charges by £20 to £100 a year and asked suppliers to offer no or low standing charge tariffs, with feedback open until 20 September 2024.