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MSP kWh is the amount of electricity consumed at the 'meter supply point', which is the customer's meter. GSP kWh is obtained by multiplying the MSP kWh by the Line Loss Factor (LLF, a figure > 1) to include the amount of electricity lost when it is conducted through the distribution network, from the 'grid supply point' to the customer's meter.
It comes after the price cap – which sets a maximum rate per unit and standing charge for energy use – is set to rise by £21 for an average household per year or around £1.75 a month.
The regulator is also proposing new standards for suppliers to make it easier for customers who are struggling to pay their bills to get support.
An option for a zero standing charge will be offered as an alternative to existing ones, which act as a flat daily fee regardless of energy consumption, according to Britain’s Ofgem energy ...
Typically this holds true when electricity rather than gas is used for domestic heating and hot water, or, in some cases, if the supply is used to charge an electric vehicle overnight. An Economy 7 tariff can end up costing significantly more than a standard tariff without restructuring current energy usage.
Off-peak electricity costs can be half of the peak prices, but many Economy 10 tariffs levy an increased standing daily charge. The structure of the ten off-peak hours is determined by the local distribution network operator rather than the electricity supply company and they vary across the fourteen regions in the UK. Times are switched ...
The regulator said it was the ‘right time’ to look at standing charges again because of cost-of-living pressures. Ofgem ‘reopens debate’ on energy standing charges amid rising bills Skip ...
It is the trading name of British Gas Services Limited and British Gas New Heating Limited, both subsidiaries of Centrica. [5] Serving around ten million homes in the United Kingdom, British Gas was the largest electricity supplier in the country until 2024 when it was overtaken by Octopus Energy. [6] It remains the largest gas supplier.