Tariffs news, page 6
- October 2023
flexi-2023 cost components change at 1 October 2023
ScottishPower has published revised third party cost components for its flexi-2023 variable tariff, showing the values applied to unit rates and standing charges from 1 October 2023.
Good Energy launches Solar Savings smart export tariff
Good Energy has launched Solar Savings, a smart export tariff paying 15p per kWh and 20p per kWh for Wessex ECOEnergy solar customers, up from a 10p pilot rate.
Lower standing charges for prepayment households begin
From 1 October 2023 prepayment meter households pay lower standing charges than those on other payment methods, a change described by the Welsh Government as a welcome first step.
Ofgem re-publishes price cap levels for cap period 11a under new 2023 TDCV values
Ofgem has re-published the October to December 2023 price cap levels using new 2023 Typical Domestic Consumption Values, putting the dual fuel direct debit cap at £1,834.
Quarterly change to Flexi variable costs from 1 October 2023
ScottishPower has published the Flexi variable cost values that apply from 1 October 2023, showing quarterly changes to network, environmental and smart meter charges across its regional tables.
Second Warm This Winter Tariff Watch report published
The second Warm This Winter Tariff Watch report finds 337 fixed tariffs priced above the Ofgem price cap, an average exit fee of £138 and supplier operating costs of £242 per customer.
UNC mod 840 change reduces prepayment cap level
Ofgem's October price cap methodology change equalising Unidentified Gas allocation between prepayment and non-prepayment customers cuts the prepayment cap level by £51, part offset by a £9 bad debt allowance.
- September 2023
MCS responds to SEG confusion and sets out its future role
MCS has clarified that regulated Smart Export Guarantee tariffs require an MCS certified installation, while non-regulated export tariffs remain at energy companies' discretion, and has set out planned scheme changes.
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.