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According to Commaret two principle deterrents to creating these compelling offers are the current design of the energy price cap and the imbalance between standing charges on electricity and gas. How is the price cap set up to reflflect and to encourage behaviour change?" He believes the intro...

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Bibliographic Details
Published inUtility Week p. 5
Main Author Wallin, James
Format Trade Publication Article
LanguageEnglish
Published Sutton NLA Media 05.12.2024
Subjects
Consumers
Customers
Electricity
Energy consumption
Smart meters
Social behavior
Social interactions
Tariffs
Taxation
United Kingdom > UK
France
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Summary:According to Commaret two principle deterrents to creating these compelling offers are the current design of the energy price cap and the imbalance between standing charges on electricity and gas. How is the price cap set up to reflflect and to encourage behaviour change?" He believes the introduction of market-wide half-hourly settlement (MHHS) is an opportunity for Ofgem to evolve the price cap. In particular he backs the idea mooted by the regulator in its recent consultation of a dynamic price cap. EDF prefers to talk about a "social rebate", where vulnerable customers would see a reduction in both the standing charge and unit rate.
ISSN:1356-5532