Tariffs news, page 9
- July 2022
NEA publishes report calling for a new social tariff in the energy market
National Energy Action has published a report arguing that the government must create a social tariff, a discounted energy deal for low income households, to cut bills during the cost of living crisis.
Flexi variable costs updated for the quarter from 1 July 2022
ScottishPower has published the variable cost components of its Flexi tariff for the quarter beginning 1 July 2022, with Balancing Services Use of System falling and several regional distribution standing charges changing.
- May 2022
Ofgem opens consultation on possible wholesale cost adjustment to the default tariff cap
Ofgem has opened a consultation on whether suppliers face extra efficient wholesale costs beyond the default tariff cap, covering cap periods eight and nine, with responses due by 14 June 2022.
UW Standard SEG tariff takes effect at 2 pence per kWh
The Utility Warehouse's Smart Export Guarantee Standard tariff, a Standard Variable rate paying 2 pence per kWh for exported electricity, took effect on 01 May 2022.
- April 2022
Domestic energy cap rise worsens household energy bills
The Welsh Government extended its Fuel Support Scheme to more than 400,000 low-income households with £90m, citing higher bills worsened by the April domestic energy cap rise.
- March 2022
Four SEG licensees exited the market due to insolvency during SEG Y2
Ofgem's second Smart Export Guarantee annual report shows four licensed suppliers left the electricity market through insolvency during 2021-22, so no data was received from them.
- February 2022
Price cap increase announced to apply from April
Energy UK has noted the announcement of an increase in the energy price cap that will apply from April, published alongside a parliamentary inquiry into decarbonising heat in UK homes.
Ofgem decides to include Green Gas Levy allowance in default tariff cap from cap period eight
Ofgem has decided to add a Green Gas Levy allowance of about £2.69 per gas meter to the default tariff cap from April 2022, recovering scheme costs dating back to October 2021.
Ofgem decides to proceed with licence modification enabling in-period adjustments to the default tariff cap
Ofgem has confirmed it will change supply licences so it can recalculate the default tariff cap inside a cap period, under five tests, in exceptional circumstances.
Ofgem publishes policy consultation on medium term price cap changes
Ofgem has published a policy consultation on medium term changes to the energy price cap, proposing quarterly updates, a reduced notice period and a backwardation mechanism.
Energy price cap increase announced
Turn2us has responded to the announcement of a higher energy price cap, warning that millions of households face uncertainty over their finances and calling for more targeted government support.
OFGEM announces 54% energy price cap rise
Ofgem has confirmed a 54% rise in the energy price cap, taking average direct debit bills to as much as £1,971 from April and prepayment bills to £2,017.
Ofgem decides in-period adjustments to the Default Tariff Cap will be forward looking only
Ofgem has decided that any in-period adjustment to the Default Tariff Cap will apply only for the remainder of the cap period, not retrospectively, under a new licence power.
- January 2022
Citizens Advice responds to Ofgem consultation on short-term interventions to address market volatility
Citizens Advice has opposed Ofgem proposals to allow exit fees on default tariffs, while backing a requirement for suppliers to offer new tariffs to existing customers.
NEA responds to Ofgem consultation on short term price cap changes
National Energy Action has told Ofgem that doing nothing is the best of the short term price cap options for fuel poor households, opposing exit fees on standard variable tariffs.
Crowdflex study finds domestic flexibility could cut peak demand by up to 23 percent
A study of 25,000 households by SSEN, National Grid ESO, Octopus Energy and Ohme found that homes on time-of-use tariffs cut evening peak demand by 15 to 17 percent, with electric vehicle owners reaching 23 percent.
Power NI raises domestic electricity prices by 21.4%
Power NI raised domestic electricity prices by 21.4 per cent from 1 January 2022, adding £131 a year to the average household bill in Northern Ireland.