Energy Live News’ Post

‘Thousands on costly energy tariffs with auto-switching.’ A report submitted to energy regulator Ofgem by Octopus Energy suggests that as many as 20,000 households might have been moved to costly energy tariffs through auto-switching services. #electricityandgas #electricitygeneration #energycrisis #energydemand #energydemand #energyconsumption #energysupply #energysupplier

‘Energy customers support fair tariffs for all.’ A new survey found that nearly 93% of UK consumers believe energy suppliers should not restrict their best deals to new customers, amid Ofgem's consideration of lifting the ban on acquisition-only tariffs. E.ON UK Chris Norbury Department for Energy Security and Net Zero YouGov #energycosts #energyprices #energydemand #energycustomers #energyconsumption #energytariffs #energymarket #energysector

How Feed-in Tariffs Can Reduce Cost Of Solar Energy

Feed-in Tariffs (FIT) are programmes implemented by government to encourage the use of low-carbon and renewable energy sources in electricity generation. In today’s post, we take a look at the feed-in tariffs, what it is about, its benefits, challenges, and best practices that can ensure successful implementation. 

National Grid launches platform for transparent DUoS tariffs. National Grid has unveiled an online platform offering customers simplified access to Distribution use of Service tariffs across all its licence areas. ChargeUK Cordi O'Hara OBE FEI Chris Pateman-Jones #energydemand #energycustomers #energyconsumption #energybills #energycosts #energycrisis #energysupply #energysupplier

“24/7 transition tariffs are different from the green tariffs that match annual consumption with annual renewable energy production. 24/7 transition tariffs seek to match a customer’s hourly consumption with deliverable carbon-free electricity provision in each hour of the year. We refer to this concept as a “transition” tariff because the transition to 24/7 carbon-free electricity will happen over time, with successive tariffs progressing farther toward the goal.” “The fundamentals are: -Integrate transition tariff investments with ongoing utility planning. -Ensure accurate hourly emissions tracking and verification. -Design transition tariffs to accelerate complementary investments. -Employ rate design to ensure fairness and to align carbon-free electricity grid needs with pricing and compensation. -Integrate operating systems to implement hourly matching.” https://lnkd.in/ePYZxZN5

EDF launches trials on cash-saving tariffs. The energy supplier has invited more than 2,000 customers to test new tariffs and energy solutions, aiming to reduce costs. #energybills #energyconsumption #energycosts #energycrisis #energycustomers #energyprices #energyretail #energysupplier #energytariff #energyusage

Ofgem urged to review acquisition-only energy tariff ban. Consumer groups and energy firms advocate for Ofgem to reconsider lifting the ban on acquisition-only energy tariffs, citing concerns over fairness for existing customers and potential loyalty penalties. #energysector #energymarket #energycosts #energybills #energydemand #energyconsumption #energytariff #energycustomers

CRU has announced an increase in Distribution Use of System (DUoS) and Transmission Use of System (DTUoS) tariffs, effective from 1 October 2024. These changes could significantly impact your business’s energy costs, especially if you have high energy consumption. 🔍 What Does This Mean? DUoS and DTUoS charges are additional costs that businesses incur for accessing and using the electricity grid infrastructure. These charges help cover the costs of maintaining and upgrading the grid, ensuring a reliable electricity supply.  ☑️ DUoS: Applies to the use of local distribution networks.  ☑️ DTUoS: Covers the use of the high-voltage transmission network that transports electricity over long distances. Key Changes:  ☑️ Average Unit Price (AUP) for Transmission: Expected to rise by 30.4% for the 2024/2025 period, reaching 3.91 c/kWh.  ☑️ Overall Increase: The combined impact of DUoS and DTUoS tariffs is an approximate 15.6% increase compared to 2023/24. The changes in tariffs will vary based on your business’s energy consumption, the time of day you use energy, and whether you are connected to the distribution or transmission network. For a more detailed breakdown and to better understand how these adjustments might affect your business, please visit the link to our latest blog post. 🌱 How Can Digren Energy Help? At Digren Energy, we understand the challenges posed by rising energy costs. We offer efficient solutions designed to reduce your reliance on the grid and mitigate the impact of these increasing charges. Whether through renewable energy solutions, energy storage systems, or optimised energy management, we can help you minimise costs while enhancing your business’s sustainability. Contact us today to explore how we can help your business stay competitive and sustainable in the face of increasing energy costs. Read the full article here: https://lnkd.in/eg2bXAjT #EnergyEfficiency #CostReduction #DigrenEnergy #BusinessGrowth #Sustainability #DUoS #DTUoS #ElectricityCosts #RenewableEnergy #BusinessEnergy #ESBNetworks #CRU

Government aims to reduce Electricity Tariffs by 25% in the Next Three Years