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electricity bills
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Commercial and market outlook
BSUoS charges: volatility, deferral and reform
Over the last few years Balancing Services Use of System (BSUoS) charges have experienced significant volatility, with costs reaching record high levels which have added to the rise in consumer electricity bills and ultimately resulted in intervention in order to cap BSUoS rates. In this Chart of the week', we...
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Home supply and services
Last Resort Supplier Payments: the impact on domestic electricity bills
The presence of a significant increase in commodity costs in 2021, combined with the Default Tariff Cap limiting the revenues that suppliers can recover in the domestic market, has contributed to a number of suppliers falling into insolvency in the last 9 months. The Supplier of Last Resort (SoLR) process...
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Home supply and services
The default tariff cap: More questions than answers?
Throughout the recent period of wholesale and supply market volatility, the government and Ofgem have remained committed to the default tariff cap and continued to highlight its benefits to customers in protecting them from rising energy prices this winter. However, Cornwall Insight’s forecast of the default tariff cap for Summer...
