Ofgem’s Post

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 

Under O. Reg 416/99 the Ministry of Energy is responsible for providing Ontario’s electricity supply mix data for electricity suppliers. This graph shows the system-wide electricity supply mix data for 2023 For more information on the electricity supply mix look at https://lnkd.in/gANZv4En

Ofgem's updated price cap is from 1 April to 30 June. The cap on the unit cost of energy are: ⚡ 24.50 p/kWh for electricity 🔥 6.04 p/kWh for gas The annual energy bills for a typical household are now around £1,690 a year - a decrease of £238 from the previous price cap. Help your staff and customers understand how this price cap might affect their energy bills with our blog 👉 http://ensvgtr.uk/xxa2m

Learn about the significant drop in New England's 2024 electricity prices to a 24-month low of 4.99 cents per kWh. Howard Plante discusses the key factors influencing this trend in his recent Freedom Energy Newsletter article. Click to read the complete update: https://hubs.la/Q02qyvKq0 #EnergyAnalysis #MarketTrends #FreedomEnergy

In December 2022, calendar year 2024 was trading at $0.0885/kWh. In December 2023, calendar year 2024 was trading at $0.0499/kWh. Curious what caused this 43.6% drop in prices? Use the next two minutes to read Howard Plante's recent article! #FreedomEnergy

🛡Market Price Update🛡: We continue to see further falls in wholesale energy prices as more risk is removed from short and long-term pricing. With gas storage levels very high for this time of year and very limited negative news, there is nothing to support the higher prices. However, with the markets still on edge, any event that is seen to impact energy prices could still buck the trend.  Call today and speak one of our business energy advisors 01432 378690 📞 #businessenergy #smallbusinesses #commercialenergy

Amidst ongoing dust raised by the new electricity tariff at the backdrop of inadequate power supply, electricity generation nosedived to 2,775 megawatts, MW, yesterday, a 32.3 per cent decline from 4,099.87MW recorded last week...

29th February 2024 Energy Price Alert – UK Gas & UK Electricity Wholesale gas and electricity prices continued to rise on Wednesday, for the third day in a row. That said, Winter 24 Gas remains below 80p/thm and apart from Winter 24 and Winter 25 the curve is pretty flat going forward. Our view remains that anyone entering into gas and electricity contracts should only commit to a maximum of one year out, despite what other brokers may be advising. The fundamentals of strong supply, increasing gas deduction and good local stocks will force pricing down. https://lnkd.in/efhv2zY8

"Check out this amazing new blog post discussing the latest steps to accelerate tariff adjustments in the energy sector. The emergency declaration and intervention in regulatory bodies for electricity and gas are just what we needed. The decree will be published in the Official Gazette. You definitely don't want to miss this insightful update! Read the full post here: https://ift.tt/8fdST56"