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 […]