In this week’s Chart of the week looks at the rise third-party charges (TPCs). These have been on the rise with costs to the households almost doubled since the start of the decade. We also explore the reasons behind the general uptrend in TPCs.
As well as this we forecast what is in store for the future of Third-party charges and what this might mean for customers bills.
Regulation and policy
On 10 June the BSC Panel approved the Market-wide Half Hourly Settlement (MHHS) Implementation Charge for 2021-22. The new charge, introduced under modification P413 Market-wide Half Hourly Settlement Programme Manager, will cover Elexon’s programme management costs for MHHS implementation. It will be levied on suppliers on a monthly basis, based...
Commercial and market outlook
A new report from research consultancy Public First has argued that the government should move the costs of energy policy from being heavily on electricity bills onto government expenditure. In this 'Chart of the week', we look at the four models for rebalancing put forward in the report. Options for...
Commercial and market outlook
December saw the release of the long-awaited, several times delayed Energy White Paper (EWP). In this 'Chart of the week', we consider the changes the EWP has in mind for the retail market and its governance. The average household’s dual fuel energy bill in 2019 was similar to 2010. However,...
E-mobility and low carbon
The UK government has set measures to “effectively” ban the sale of all new internal combustion engine (ICE) vehicles from 2035 onwards to support the UK’s target to achieve net zero by 2050. It is expected that electric vehicles (EVs) will replace petrol and diesel as the primary mode of...
Regulation and policy
Ofgem issued its draft impact assessment and consultation on Market-wide Half Hourly Settlement (MHHS) on 30 April. The MHHS significant code review (SCR), which has been running since July 2017, aims to utilise the smart meter rollout and reform the electricity settlement arrangements. These reconcile the difference between how much energy a...
E-mobility and low carbon
In this week’s Pixie Chart of the week, we investigate the impacts on electricity wholesale costs if rapid deployment scenarios of electric vehicles, hybrid heat pumps or a combination of both are put in place. Research from Vivid Economic and Imperial College London shows that electricity costs could drop by as much...
