Posts Tagged ‘Ofgem’

DCP161 – What you need to know about new Ofgem penalties

Monday, March 12th, 2018

The way businesses use energy is continuing to come under scrutiny particularly for those larger energy users.

Ofgem started the process with the introduction of the P272 legislation. This moved maximum demand supplies (those with a profile number of between 05 and 08) to become half hourly supplies. Part of the rational behind this was to increase transparency in when energy is being used and when not.

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Potential new levies for those with half hourly electricity supplies

Tuesday, October 10th, 2017

The way businesses use energy is continuing to come under scrutiny particularly those larger energy users out there.

Ofgem started the process with the introduction of the P272 legislation. This changed maximum demand supplies (those with a profile number of between 05 and 08) to become half hourly supplies. Part of the rational behind this was to increase transparency in when energy is being used and when not.

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Why are energy prices increasing when wholesale cost isn’t?

Thursday, September 7th, 2017

Energy price increases like to be sensationalised by the press. They usually cite the fact that wholesale prices have dropped as proof of profiteering.

Don’t get me wrong I am not one to back the energy suppliers and their price increases. However, there are other circumstances to take into account apart from their desire to increase profits.

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Changes to how your energy supply will renew

Tuesday, January 17th, 2017

Back in November 2015 we told you about the snappily titled “P272” legislation that was being brought in by Ofgem. This would affect anyone who had a Maximum Demand Supply – click here for that article.

WHATS CHANGED?

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What is P272?

Tuesday, June 9th, 2015

The intriguingly named P272 is a piece of regulation that was introduced by OFGEM in October 2014 that is due to come into force in April 2016. It relates to those businesses who have what are called maximum demand meters with an automatic meter reading meter (Smart meter) fitted.

The regulation states that from April 2016 these supplies must be settled on the same basis that Half Hourly meters are using actual Half Hourly (HH) consumption data. This means settlement using an industry wide forecast to allocate electricity volumes to each suppler.

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Is Your Meter Due to Change to Half Hourly?

Wednesday, January 28th, 2015

Ofgem has mandated that all 5-8 profile class supplies are to be settled on a half-hourly basis (HH) rather than the current non half-hourly basis (NHH) applied to all profile classes 1 to 8 with effect from 1st April 2016.

A large scale operation across the industry has upgraded meters on profile 5-8 supplies to “advanced” meters capable of being read remotely and recording half hourly consumption, ensuring the sites are already equipped to support this change.

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The Energy Savings Opportunity Scheme (ESOS)

Monday, July 7th, 2014

The Energy Savings Opportunity Scheme (ESOS) is a mandatory energy assessment and energy saving identification scheme for large undertakings (and their corporate groups). The scheme applies throughout the UK.  The Environment Agency will be publishing compliance guidance later in 2014.

Am I in scope of ESOS?

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Npower to halt telesales unless it resolves billing issues

Thursday, June 26th, 2014

Ofgem has secured commitments from npower to take immediate action to put right its billing and complaints issues, alongside launching a wider investigation into customer service failings under Ofgem’s new Standards of Conduct.

Ofgem is requiring npower to resolve major billing issues no later than the end of August 2014 and publish monthly progress updates on its website. Failure to meet monthly targets will result in npower ceasing all proactive telesales to new customers until they are met. The parallel investigation into npower’s customer service failings is the first case to be opened under Ofgem’s new Standards of Conduct (SoC) and could lead to a financial penalty or redress payment if they are found to have broken rules.

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Energy suppliers to cut switch times

Monday, June 23rd, 2014

Energy users will be able to switch energy supplier within three days by the end of 2014 after an agreement between the regulator, Ofgem, and suppliers was reached.

As part of this agreement anyone who wants to switch must be given a two-week cooling-off period for the chance to change their mind, before the three-day process starts. New computer systems and smart meters should allow the process to be cut to a day by the end of 2018.

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Ofgem’s £30 billion price controls come into effect

Wednesday, April 10th, 2013

Ofgem’s ground-breaking new price controls come into effect this week, marking the start of around £30 billion investment in Britain’s energy infrastructure.
The final decisions on the price controls were taken by Ofgem in 2012 and were subsequently accepted by all companies. The price controls will run until 2021 and relate to the network companies operating Britain’s high voltage electricity grid and high and low pressure gas networks. Included in the network company plans is:
• around £7 billion earmarked for Scotland’s high voltage electricity network, creating around 1,500 jobs
• a £15.5 billion upgrade for the high voltage electricity network in England and Wales and the high pressure gas networks across Britain, creating around 7,000 jobs, mainly in the construction supply chain
• around £8.7 billion to ensure that Britain’s low pressure gas networks, which deliver gas to homes and businesses, remain safe and reliable.

Hannah Nixon, Ofgem’s Senior Partner for Distribution, said: “This week marks a very significant moment as it forms a key part of implementing the investment needed to protect our security of supply. Ofgem’s new RIIO price control framework delivers around £30 billion of this investment at a fair price to consumers. It also helps ensure Britain’s energy infrastructure will remain among the most reliable in the world.”

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