Why is there a large increase in Standing Charges?
The TCR (Targeted Charging Review) has come into play, as of 1 April 2023.
The Targeted Charging Review (TCR), is an Ofgem initiative set up with the aim to modernise the electricity network and ensure the fair allocation of Transmission and Distribution charges for businesses and consumers.
The Targeted Charging Review (TCR) has examined the ‘residual charges’ which recover the fixed costs of providing existing pylons and cables, and the differences in charges faced by smaller distributed generators and larger generators (known as Embedded Benefits).
What impact will this have on consumers?
The TCR changes are set to benefit larger consumers with half-hourly (HH) meters, whilst domestic and NHH sites will see a small rise in costs. Consumers outside of London currently experience a rise in Distribution Use of System (DUoS) fixed costs. |
