Last week BEIS announced that the rollout of smart meters will continue past the original 2020 deadline to 2024. In this Chart of the Week, we will look at some of the implications of delays to the smart meter rollout and highlight four key industry programmes that may be affected.
Government has described the smart meter rollout as not only creating potential savings for suppliers and customers but importantly laying the groundwork for significant future changes.
Home supply and services
As part of its Mid-Year Review, the government is consulting on the Smart Meter Targets Framework for Year 3 (2024) and Year 4 (2025) of the revised smart meter rollout, setting out energy supplier annual smart meter installation targets on a trajectory to 100% coverage by the end of 2025....
Home supply and services
On Saturday 29 October BEIS confirmed it had approved the transfer of Bulb’s 1.5mn customers, as well as 650 employees, to Octopus Energy. In this week's 'Chart of the Week', we look back over time at the two suppliers and the growth Octopus Energy has seen through organic means and...
Regulation and policy
In October, the government announced a number of adjustments to the Energy Bill Relief Scheme (EBRS) for non-domestic consumers. In this week’s 'Chart of the week', we look at the impact of the maximum discount on those businesses that have been unable to fix their energy costs.
Energy storage and flexibility
News this week that the UK government is mulling over a cap on green generation revenues comes at a time when our research finds that the investment pipeline for electricity renewables generation is the highest it has ever been. In our Renewables Pipeline Tracker (RPT) service we analyse the growing...
Energy storage and flexibility
Last week saw the government announce the Energy Price Guarantee (EPG) which will see the typical dual fuel household’s unit rates capped at 34p/kWh for electricity and 10.3p/kWh for gas. Customers on fixed tariffs will get support to bring their tariffs down to the same level, up to 17p/kWh of...
Regulation and policy
The T-1 Capacity Market (CM) auction for Delivery Year 2023-24 will take place on 14 February 2023, during a particularly challenging period for the GB energy system with prices rising to unprecedented levels and concerns over security of supply. In this week’s ‘Chart of the Week’, we examine the range...
Low carbon generation
In this week’s ‘Chart of the Week’, we examine the historical volume of GoOs imported for FMD and explores what impact GoO removal will have on the REGO market.
Regulation and policy
On 6 May, Ofgem published a report on the findings of an independent review undertaken by Oxera and commissioned by Ofgem's Board into the root causes of the recent supplier failure. In this 'Chart of the week', we look at how the report assesses the performance of Ofgem in meeting...
