The domestic energy market is now 18 months away from the smart meter rollout deadline. With the install rate declining, the recent change in technology to SMETS2 is having wide-felt impacts.
In this week’s Chart of the Week, we consider whether the change in technology may rebalance regional penetration of smart meters.
Home supply and services
The domestic supplier market is facing a turbulent time with high wholesale prices causing distress and a series of supplier exits in the energy sector. This week's 'Chart of the week' examines these suppliers exits and their effect on the domestic market.
Home supply and services
Across 2020 and 2019, 887,000 domestic customers were supplied by a company which exited the market via the Supplier of Last Resort mechanism (SoLR). On average, this is around 1.7% of the market per year. In 2018, 551,000 domestic customers were supplied by a company which entered the Supplier of...
Home supply and services
This January saw the largest supplier exit through Ofgem’s Supplier of Last Resort (SoLR) process. Green Network Energy ceased to trade on 27 January, with Ofgem appointing EDF Energy as SoLR for its 360,000 domestic customers shortly after. On the same day, the regulator announced the exit of Simplicity Energy,...
Home supply and services
The full impact of the COVID-19 pandemic on the smart meter rollout is uncertain, although modelling from BEIS and Ofgem has provided early indications of future installation levels. In this week’s Chart of the week we compare these assessments against pre-pandemic expectations. With the introduction of social distancing and lockdown...
Home supply and services
Like most industry workstreams, the Switching Programme has experienced a delay due to the reprioritisation of activities under COVID-19. This 'Chart of the Week' looks at how the programme had to slip to allow parties relief from its requirements.
Home supply and services
Earlier this week, the Smart Data and Communications Company (DCC) announced the installation of the two millionth SMETS2 meter. The installation was reportedly carried out by British Gas in a house in Surrey. However, with less than 15 months until the smart meter rollout deadline, and around one-third of household...
Home supply and services
Energy suppliers have a licence obligation to take all reasonable steps to install smart meters in homes and microbusinesses by the end of 2020. When installing meters, suppliers must comply with the Installation Validity Periods (IVPs) set out in the Smart Energy Code. They specify when meters complying with the...
Regulation and policy
The Design Working Group (DWG) has published its plan for how the electricity sector could move towards half-hourly settlement (HHS) for the whole market. The Transition Approach Plan seeks to keep the changes that different types of supply point will face separate from one another, in order to prevent delays. In this Chart...
