Ofgem

✋ Need support managing your energy this winter? Sign up to the Priority Services Register for extra help Help can vary based on your personal circumstances and your supplier but could include what we cover in the video below - and more! More details here👇 http://ow.ly/ommW50M33mp

Is working to better support vulnerable consumers central to what you do? Join us and Ofwat on 10th September as we bring together leaders from the water and energy industries to talk about how we improve support for vulnerable consumers. With speakers from a range of backgrounds, the #VulnerabilitySummit2024 will be the place to get stuck into the important questions about how we drive meaningful change for our consumers. Sign up to be part of our online audience here https://ow.ly/vG7Q50Tgtkh

💡 We have been visiting towns across the UK helping people get #WinterReady as part of our #EnergyAware pop-up events! 🛍️ Aimed at helping consumers understand their energy use better how to save money on their energy bills. We have visited Cardiff and Dover already helping hundreds of people. Whether you’re looking to 🟠Understand your usage better 🟠Get tips on reducing consumption / lower your bills 🟠Learn about the latest energy-saving technologies 🟠What funding and schemes are available to help upgrade your home then pop down. 📅 Come down to get expert advice and tips from our energy experts. We are in Glasgow - St Enoch Shopping Centre - 03.09.24 Port Talbot - Aberavon Shopping Centre - 10.09.24 Newport - Friar's Walk Shopping Centre - 18.09.24 and become #EnergyAware. #EnergySavings #Sustainability #Ofgem #EnergyEfficiency #CommunityEvent #NetZero #LowCarbon

The Regional Energy Strategic Plan will enable long-term investment in the distribution system to be made with confidence, ultimately driving forward local and national efforts for decarbonisation by 20230The Regional Energy Strategic Plan will enable long-term investment in the distribution system to be made with confidence, ultimately driving forward local and national efforts for decarbonisation by 2030. You can join our webinar next week to learn about our policy framework design and ask any questions about our consultation. Register to attend here⬇️ https://ow.ly/tnm350Taxue Our consultation closes on 8th October and we'd love to hear from you. You can read our consultation and share your feedback here⬇️ The Regional Energy Strategic Plan will enable long-term investment in the distribution system to be made with confidence, ultimately driving forward local and national efforts for decarbonisation by 20230. You can join our webinar next week to learn about our policy framework design and ask any questions about our consultation. Register to attend here⬇️ https://ow.ly/tnm350Taxue Our consultation closes on 8th October and we'd love to hear from you. You can read our consultation and share your feedback here⬇️

Last May we opened an investigation into Drax Power Limited. This investigation has now concluded. To read the full case closure statement ⬇️ https://lnkd.in/ewtAuq4c

We are continuing to review the role of standing charges and are encouraging suppliers to offer more tariff diversity. We are calling on them to offer more deals with low or no standing charges that can reward energy efficient customers for cutting their usage this winter. Giving consumers more options to choose the tariff that best suits their needs creates a healthier market. As the price cap is changing we urge customers to shop around as there are deals out there that could offer savings. We will continue work with suppliers to understand why they are not offering more options and if necessary, consult on ways to increase that diversity through price cap regulation. Follow the link for more on our ongoing review into standing charges https://ow.ly/szzh50T4I6Z

Energy bills are made up of a number of costs         They include:    ⚡ Wholesale costs    🔌 Network costs    🌳 Social and environmental obligations    🏭 Supplier costs and margin     💷 Taxes, like VAT        https://lnkd.in/e2MXwd7u      #EnergyAware

From 1 Oct 2024 Price Cap average direct debit unit rates for energy;    ELECTRICITY  Unit rate: 24.50p per kWh  Standing charge: 60.99p per day    GAS  Unit rate: 6.24p per kWh  Standing charge: 31.66p per day    These are caps on unit rates plus the standing charge (not a cap on total bills)    Energy price cap (default tariff) levels | Ofgem 

The quarterly energy Price Cap will change from 1 Oct 2024.  The new #PriceCap is £1717    The level is based on the typical use of an average household on a supplier’s standard default tariff.    It's a cap on the energy unit price suppliers can charge, not a cap on our total bills. If you use more, you will spend more.    More on how this might affect you ⬇️ 

Energy theft also costs energy consumers in Great Britain (England, Scotland and Wales) over £1.4 billion a year. Some people try to pay less for their gas and electricity by tampering with their meters. This is known as energy theft. Meter tampering is illegal and dangerous. It can cause property damage, injury or death. To learn more about energy theft and how to identify signs of it ⬇️ https://ow.ly/aJQ550SZg0F