Tariffs News: page 6
- September 2023
Commons committee backs social tariff
The House of Commons Energy Security and Net Zero Committee backed a social tariff for specific groups of consumers in September 2023, as part of a long-running campaign for energy tariff reform.
Organisations line up to back energy tariff reform
More than 140 charities, organisations and MPs have signed an open letter urging the Prime Minister to consult on and deliver an energy social tariff before winter.
- August 2023
tado° introduces three new energy cost products
tado° has launched a smart charging app for home electric vehicle charging and introduced a heat pump control, alongside an announced hourly dynamic tariff, in eight European markets including the UK.
Ofgem publishes updated default tariff price cap levels for 1 October to 31 December 2023
Ofgem has set the default tariff price cap for 1 October to 31 December 2023 at £1,923 for a typical dual fuel direct debit household, a fall of £151 or 7 per cent.
Prepayment meter regional rates for October to December 2023 added
The government added Energy Price Guarantee regional unit rates and standing charges for prepayment meters covering October to December 2023 to its published rates page.
Government directs Ofgem to end PPM premium
In August 2023 the Government directed Ofgem to permanently end the premium paid by prepayment meter customers, with a Call for Evidence on levelling the standing charge.
Inaugural Tariff Watch report published
The Warm This Winter coalition has published the first Tariff Watch report, estimating that household energy suppliers could make £1.74bn in profits over the next 12 months from customers' bills.
Ofgem announces cap fall to £1,923 for Q4 2023
Ofgem set the default tariff cap for October to December 2023 at £1,923 for a typical dual fuel household, down from £2,074, though standing charges rose and the Energy Bills Support Scheme has ended.
Ofgem set out options to levelise prices across payment methods
Ofgem has set out options for levelling the standing charges paid by prepayment meter customers with those paid by other households, as part of a wider review of debt-related costs in the price cap.
- July 2023
First Warm This Winter Tariff Watch report published
The first Warm This Winter Tariff Watch report, produced with Future Energy Associates, says suppliers could make £1.74bn in permitted profit over the next 12 months and sets out regional price differences.
Fixed tariff availability doubles in July 2023
The number of fixed energy tariffs newly available on the UK market doubled in July 2023, from five in early 2023 to ten, according to the first Warm This Winter Tariff Watch report.
Government reduces Energy Price Guarantee extra support to zero
The government cut the extra support paid through the Energy Price Guarantee to zero on 1 July 2023, ending a 3.77p per unit discount for Power NI customers and adding an estimated 14p a day to bills.
Intelligent Octopus Flux launched
Octopus Energy launched Intelligent Octopus Flux in July 2023, a bundled import and export tariff for homes with solar panels and a qualifying battery, with matching peak rates.
Prepayment meter customers no longer face the highest energy costs
Ofgem and Citizens Advice research finds prepayment meter customers have not faced the highest energy costs since July 2023, with satisfaction reaching a record 81% in January 2025.
Prepayment meter premium ended
From 1 July 2023 households on prepayment meters are no longer charged more for their energy than direct debit customers, ending a long-standing price premium.
Prepayment price penalty ends for prepayment customers
Legislation effective 1 July 2023 ends the prepayment price penalty, so households on prepayment meters should no longer pay more than Direct Debit customers, saving an estimated £45 a year on average.
- May 2023
Prepayment meter regional rates for July to September 2023 added
The government has added Energy Price Guarantee regional unit rates for prepayment meters covering July to September 2023 to its published rates page.
Next quarterly price cap update due 25 May 2023
Ofgem has confirmed that its next quarterly update to the energy price cap will be published on 25 May 2023, setting the level that applies from 1 July.
Ofgem sets July to September price cap at £2,074
Ofgem has set the default tariff price cap for 1 July to 30 September 2023 at £2,074 a year for a typical dual fuel direct debit household, down from £3,280.
Government responds to petition on unmetered tariff for elderly and disabled
The Government told petitioners on 11 May 2023 that it intends to consult on options for consumer energy protection in summer 2023, for measures applying from April 2024.
Wind and water turbines added to qualifying ESMs and 60% test removed
Wind and water turbines become permanently qualifying energy-saving materials and the 60% test and social policy conditions are permanently removed, with a temporary zero rate extended to Northern Ireland from 1 May 2023.
- April 2023
OVO and Kaluza launch Charge Anytime EV smart charging add-on
OVO and Kaluza have launched Charge Anytime, an EV charging add-on priced at 10p per kWh and billed separately from household electricity, with charging optimised by Kaluza's software.
Budget 2023 equalises prepayment meter and direct debit prices
The Spring Budget 2023 confirmed that prepayment meter prices would match direct debit prices from April 2023, ending the long-standing premium paid by households who top up.
Energy price cap due to rise in April 2023
The National Insulation Association has told a government consultation that a further 20% rise to the energy price cap was expected in April 2023, as it pressed for faster delivery of insulation under the ECO+ scheme.
flexi-2023 cost components change at 1 April 2023
ScottishPower has published revised third party cost components for its flexi-2023 variable tariff from 1 April 2023, with Transmission Network Use of System moving from the unit rate into the daily standing charge.
GBIS allowance included in the default tariff cap from April 2023
Ofgem has included an allowance for the Great British Insulation Scheme in the default tariff cap from April 2023, passing the cost of the renamed ECO+ scheme to billpayers.
Ofgem price cap change brings highest standing charges since 2019
Ofgem's price cap from 1 April 2023 brings the highest standing charges since the cap began in 2019, up 64%, as National Energy Action warns 7.5 million households will be in fuel poverty.
Quarterly change to Flexi variable costs from 1 April 2023
ScottishPower has published the Flexi variable cost breakdown applying from 1 April 2023, showing a sharp fall in electricity distribution standing charges and a new transmission standing charge.
- March 2023
Which? publishes response to BEIS carbon content transparency consultation
Which? has told BEIS that green and renewable tariffs need standardised definitions, mandated sourcing information and a framework that covers electric vehicle charging and green gas.
Power NI announces underlying unit price decrease offset by reduced EPG support
Power NI has cut its underlying residential electricity unit price by 6.61p per unit, but a larger reduction in Energy Price Guarantee support means bills rise 14 per cent from 1 April 2023.