Ofgem considers 'dynamic' price cap based on time of day you use energy

Ofgem is to consider a new “dynamic” price cap based on the time of day households use their energy, it has announced.

As more households adopted time-of-use tariffs, it could become harder to retain a universal price cap that was suitable for everyone. The introduction of half-hourly settlement from 2025 – when smart meters will record energy consumed every 30 minutes – is expected to lead to a growth in smarter time-of-use tariffs that reward customers for being more flexible in their energy usage, Ofgem said.

It said energy retail markets were changing as increasing numbers of consumers changed their energy consumption and begin using electric vehicles, heat pumps and solar panels.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Ofgem considers price cap based on time of day people use energyThe energy regulator has launched a consultation on a range of options for the future of the price cap
Fonte: i newspaper - 🏆 8. / 89 Leggi di più »

The new fixed rate energy tariff almost £350 lower than Ofgem price capOne energy firm's latest tariff could help sway billpayers' decisions on whether to fix their bills or not
Fonte: MENnewsdesk - 🏆 23. / 69 Leggi di più »

UK Energy Watchdog Opens Probe into Abuse of Dominant PositionThe Office of Gas and Electricity Markets Ofgem, the UK's energy market regulator,has opened an investigationinto an unnamed company for alleged abuse of dominant position
Fonte: OilandEnergy - 🏆 34. / 68 Leggi di più »

Martin Lewis says 'nothing will change' over 'frustrating' energy bill problemThe finance expert has explained why regulator Ofgem is unlikely to reduce standing charges unless the government intervenes
Fonte: MENnewsdesk - 🏆 23. / 69 Leggi di più »