Why does the UK pay more for for gas and electricity?
UK vs Europe Energy Prices: Why Are British Bills So Expensive? The UK often ends up paying more for gas and electricity than many European countries, and it’s not down to a single cause, it’s a mix of market structure, policy choices, and infrastructure realities. Here’s what’s really going on: 1. Heavy reliance on gas […]
UK is behind Europe in Smart Meter race
Nearly a third of UK households are without electricity smart meters, causing manufacturers to flee the market, according to a new report. Analysis carried out by LCP Delta illustrates disparities between Britain and its European counterparts in deploying electricity smart meters. While the UK has progressed in installing these meters in domestic homes, data indicates […]
February 2024 Energy Market Update
The energy market has seen a continued decline in wholesale prices. This reflects the stable fundamentals with above-average temperatures expected which will decrease the demand for gas. The UK also anticipates at least six incoming LNG cargoes over the next couple of weeks. It is projected that LNG demand will surge by 50% by 2040, primarily […]
January 2024 Energy Market Report
Overview The biggest single cost on a bill is the price of the wholesale energy (Commodity). Before the energy crisis the wholesale cost of energy made up approximately 40% of an electricity bill and 70% of a gas bill, with the remainder being third party charges (non-commodity). Commodity costs have been continuously rising in recent […]
1st October Price Cap Change for all Bill Payers
ALERT – all energy bill payers Bill payers have been urged to take a meter reading photo ahead of the 1st October price cap change to avoid potential overcharges. As the new price cap for energy comes into effect on 1st October, all billpayers have been advised to take a meter reading photo to ensure they are accurately […]
Record-breaking weekend.
Renewables power 67% of UK electricity An estimated 67% of the UK’s electricity was generated from renewable energy sources with wind power taking the lead at 54.9% on Saturday and 50.6% on Sunday. Last weekend saw a milestone reached in UK renewable energy generation. According to the latest data, renewables accounted for an impressive 67% […]
Why is there a large increase in Standing Charges?
Why is there a large increase in Standing Charges? The TCR (Targeted Charging Review) has come into play, as of 1 April 2023. What are TCR charges? 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 […]
New £400 one-off energy bill help
New £400 one-off energy bill help application portal set to open this month until April The non-repayable lump sum is expected to provide extra financial support to 900,000 homes this winter. More details are slowly emerging about the £400 Energy Bills Support Scheme Alternative Funding (EBSS AF) which is due to be paid to some 900,000 households […]
Energy Market Report December 2022
Overview Currently, the gas market is very flat which has allowed pricing to remain relatively stable. However, it is still underpinned by the Chinese COVID restrictions that are decreasing demand for now and the concerns around a prolonged cold spell as we head through December into the new year. There still has been a good frequency of Liquified Natural Gas […]
Updates to the Energy Bill Relief Scheme (EBRS).
The UK government has announced some updates to the Energy Bill Relief Scheme (EBRS), including to the eligibility criteria. The date from which fixed contracts are eligible under the scheme has been expanded from 1 April 2022 to 1 December 2021, to ensure businesses and other non-domestic consumers who have experienced recent energy price […]