Former #oil executive #MarkMcAllister lined up to be next #Ofgem chair - https://www.theguardian.com/business/2023/sep/06/former-oil-executive-mark-mcallister-lined-up-to-be-next-ofgem-chair
#ToryPoliciesInAction #RevolvingDoor ##FosilFuels #RenewableEnergy #Gas #Electricity

#UK #ElectricityFirms face penalties for ‘manipulating’ grid

#Ofgem aims to stop power plants’ tactic that costs households hundreds of millions of pounds
- https://www.theguardian.com/business/2023/aug/31/uk-electricity-firms-face-penalties-for-manipulating-grid

英國煤電市場管理局 #Ofgem 公佈最新一期能源價格上限，今年10月至12月的煤氣費及電費上限為1923英鎊，較目前7-9月2074英鎊減價7%，反映烏戰對英國能源市場的衝擊持續減弱

http://europechinese.blogspot.com/2023/08/7-1923.html

‘Change is needed’: #Ofgem chief calls on ministers to rethink #EnergyPriceCaps

#JonathanBrearley says a more rigorous framework is needed to support households
https://www.theguardian.com/business/2023/aug/14/change-needed-ofgem-chief-rethink-energy-price-caps
#ToryPoliciesInAction #ProfitsBeforePeople

Ofgem records big rise in households with prepayment meters being cut off | Energy bills | The Guardian
https://www.theguardian.com/money/2023/jul/07/ofgem-records-big-rise-in-households-with-prepayment-meters-being-cut-off

#Ofgem
#PrepayMeters
#CutOff
#SelfDisconnections
#PPM
#PriceCap
#EnergyBills
#Energy
#GovSupportRemoved

Not sure what to make of this:

#OfGem is considering 'zonal pricing' which would seen #energy prices differing on the basis of proximity (or otherwise to generation) - essentially abandoning universal service provision for energy & introducing a price incentive to live near(er) locations were power is produced...

This might also include pricing by time-period (the old night-storage heater model) 'encouraging' people to recharge tech or run non-time-sensitive energy-hungry processes over-night.

From Martin Lewis (sl.edited from the other place):

Be warned - the #energy prices quoted on many news shows are now FALSELY cheaper.

#Ofgem has just redefined its annual 'typical use' definition from now onwards as lower usage (likely as people are cutting back) - and as that's what is often quoted, it sounds like prices have dropped more than they have as it's not like-for-like.

... to help clear up any confusion, here's the new figures under both old and new 'typical use' definitions.

If you want to understand how #energy firms are raking in profits despite #Ofgem's efforts to cap prices, then you need to know that the really profitable energy firms have split their businesses into domestic supply (the focus of Ofgem's efforts) and electricity generation, which is where the firms are making the bug profits;

yup their selling themselves the energy & in what in the #supplychain would be called transfer pricing, they are shifting profits to where its is more lightly regulated!

Martin Lewis has say as Ofgem cuts energy price cap and July date that bills will drop is revealed | The Independent
#CostOfGreedCrisis
#CostOfLivingCrisis
#Energy
#EnergyBills
#EnergyPriceCap
#Ofgem
#EnergyBillsSupportEnding
#EnergyBillsSupport
#EnergySecuritySecretary
#Shapps
#FossilFuels
#EnergyPriceGuarantee
#EnergyPriceGuaranteeEnding
#FuelPoverty
#Poverty
#NationalEnergyAction
#StandingCharges
#MartinLewis
https://www.independent.co.uk/news/uk/home-news/new-energy-price-cap-ofgem-july-2023-b2344701.html

Millions of #UK households will remain in fuel poverty for the foreseeable future, despite the latest #OFGEM price cap reduction.
The system is broken with no real reform in sight from any of the main political parties.
#Energy #EnergyBills #Gas #Electricity #UKPolitics

https://www.theguardian.com/business/2023/may/25/britain-energy-price-cap-cut-ofgem-electricity-gas-bills-how-changes-affect-you

@SanchoPanzasNo1Donkey
With the Tories in power, the only thing you can guarantee is that they will make themselves and their rich mates richer.

#ClimateJustice
#GTTO
#Ofgem

A pathetic response by #ofgem to the issue of forced installation of pre-payment meters.

They appear to regulate the customers, not the energy companies. Given that Ofgem have made a series of expensive (for energy customers) gaffes over the last few years, it's clearly time for the head of Ofgem to resign.

https://www.bbc.co.uk/news/business-65305959

Pre-payment meter customers are £1bn in debt, campaigners say | Morning Star
#PrepayMeters
#Debt
#FuelPoverty
#FuelPovertyAction
#ForceFit
#Ofgem
#NationalPensionersConvention
#Energy
#EnergyFirms
https://morningstaronline.co.uk/article/w/pre-payment-meter-customers-are-ps1bn-debt-campaigners-say

#alttext #ukpolitics #Ofgem
Now why doesn't the #tory party actually do something constructive for once and go all out to support this
https://www.theguardian.com/money/2023/mar/08/energy-bills-social-tariff-martin-lewis
instead of putting all their hot air into the anti #migration bill. #SmallBoats
This is the second bill that will break treaties already signed - and they accuse environmental protestors of being lawless?

Energy giants could be forced to return millions of pounds held in customer accounts | The Independent
#EnergyCompanies
#Energy
#EnergyPriceCap
#Ofgem
https://www.independent.co.uk/news/uk/politics/energy-price-cap-bills-customers-repayment-b2289286.html

#Ofgem cuts #EnergyPriceCap to £3,280, but bills still set to rise in April – business live - https://www.theguardian.com/business/live/2023/feb/27/ofgem-energy-price-cap-bills-april-guarantee-ftse-pound-brexit-business-live
#CostOfLiving #ToryIncompetence #ToryPoliciesInAction

What does this mean?

Well first, the standing charge was increased for everybody in the UK.

The unit rate was lowered.

The standing charge was increased in line with recommendation from #Ofgem.

The unit rate for gas was lowered.

Without the government intervention #naturalgas #gas prices would have more than trebled:

Ofgem Oct 2021: 0.04 £ per kWh
Ofgem Oct 2022: 0.145 £ per kWh.

The cap on the cap capped this increase to only double to 0.1£

No trebling but more than doubling. Now..

I had missed that #Ofgem's recent ban on the forcible installation of #prepaymeters was only a temporary measure.... come April, we're be back to vulnerable people having their homes broken into to fit meters that offer only the prospect of being cut off from vital #energy... sometimes the callousness of #business, makes my gasp....
#headinmyhands

Gordon Brown has urged the head of energy regulator Ofgem to quit over the scandal that has seen hundreds of thousands of vulnerable Britons forced to switch to costly prepayment meters.

In an extraordinarily outspoken attack, the former prime minister says Jonathan Brearley should “consider his position” and accuses him of failing “dismally” to protect customers, some of whom have been pushed into the hands of loan sharks.

#OFGEM #EnergyCrisis #PrepaymentMeters

https://www.independent.co.uk/news/uk/politics/gordon-brown-ofgem-prepayment-meters-b2277381.html

Gordon Brown demands Ofgem boss Jonathan Brearley resigns over prepay energy meter scandal | The Independent
#Brown
#Ofgem
#Bearley
#PrepayMeters
#PrepaymentMeters

https://www.independent.co.uk/news/uk/politics/gordon-brown-ofgem-prepayment-meters-b2277381.html