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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.
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 ...
Ofgem wants suppliers to have to offer ‘zero standing charge’ tariffs to address ... the daily fees as a “poll tax” on gas and electricity bills, as household debt soared to £3.8bn in ...
This came into force from 1 January 2019. At its initial level, the cost of electricity for those on default tariffs was capped at 17p per kWh, and gas was capped at 4p per kWh. Dual fuel users would pay no more than £177 a year for the standing charge, electricity-only users would pay no more than £83, and gas users £94. [52]
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.
Gas meter. A gas meter is a specialized flow meter, used to measure the volume of fuel gases such as natural gas and liquefied petroleum gas. Gas meters are used at residential, commercial, and industrial buildings that consume fuel gas supplied by a gas utility. Gases are more difficult to measure than liquids, because measured volumes are ...
Notably, in 2018, the UK Government introduced a form of price cap regulation through a new cap for gas and electricity customers on standard variable tariffs. [3] In August 2022, the energy price cap was raised to £3,549 which would have pushed 8.2 million people into fuel poverty in October 2022 until March 2023.
The new technology promises more accurate natural gas readings and new safety measures. But some critics say they’re not worth the cost. Spire is installing new ‘smart meters’ around KC.