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Energy UK’s response to MPs comments on Carbon Capture and Storage

Carbon Capture and Storage (CCS) could play an important part of the future energy mix by providing a long term future for the role of coal and gas in the UK’s electricity generation mix while achieving our decarbonisation ambitions. 

Development of CCS also brings benefits to the UK economy in terms of jobs and investment. Progress of the White Rose and Peterhead CCS Projects demonstrate that the UK is a leader in developing the exciting potential of this technology.

Energy UK responds to Eurelectric assessment of taxes and levies on energy bills

The UK has some of the lowest overall electricity and gas prices in the EU, but British customers face substantial policy costs as part of their bill. According to the Eurelectric report, the UK is one of the small minority of countries in the EU where the Government policy costs that customers pay through their bills are higher than taxes they collect.

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ECO must deliver value for money – and customers: Knight

Energy efficiency schemes need to be simplified to make sure customers get the help they need as well as value for money, said Energy UK Chief Executive Angela Knight. A report on the progress of the Energy Companies Obligation (ECO) in its first year of activity, prior to the latest changes, found that ECO’s very precise eligibility criteria and onerous reporting requirements have increased delivery costs, slowed down activity and hindered customer take-up. According to the report, the first year of ECO was delivered at an estimated annual cost of £1.54 billion - £200 million more than original forecast. As part of their recommendations, CSE call for DECC /Ofgem to introduce 'deemed savings’ for each measure. 

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Price differentials in payment methods

“People want choice when it comes to paying for their gas and electricity and companies provide a range of options to suit their customers. Companies only charge customers more when their chosen payment method costs more to run. The introduction of smart pre-payment meters over the course of the next few years should help close the gap in costs between payment methods. If customers are worried they should talk to their supplier. Payment plans can be arranged and extra time to pay can be given to those who are struggling. 

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regulating non-domestic Third Party Intermediaries

Energy UK, in its response to Ofgem’s consultation on proposals for regulating non-domestic Third Party Intermediaries (TPIs), called for an Ofgem-led Code of Practice to police the Third Party Intermediary market in energy until direct relation can be put in place. The response also called for a code of practice that ensures transparency on price and commission to make sure customer advice remains unbiased. However, Energy UK also highlighted that the majority of TPIs do treat customers fairly and that regulation should not inhibit competition and choice for the customer.

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Statement on Energy Companies Obligation restructure

The largest energy companies have all made commitments to reduce customer bills following the Government’s announcement of a restructure of the Energy Companies Obligation (ECO).

Energy UK has published a table detailing the actions of each company; which customers were having their bills reduced, the size of the reduction and when the reduction came into effect.

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Electricity switching is still on the rise

The April electricity switching figures show that the number of people changing electricity supplier is still increasing. April was the third month in a row when the total number of switches increased, hitting a total of 289,000. The number of people switching to small suppliers reached an all-time high of 135,000 this is a record 46.88%.

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Wholesale Electricity Market Report continues to shine light on power trading

The second edition of Energy UK’s new Wholesale Market Report continues to shine a light on the trading of electricity in the market. The report sets out the electricity trading horizon at different dates, from the coming season to just a day ahead, so people can get a better picture of how average wholesale electricity prices are changing over time.

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Energy UK’s response to Ofgem’s consultation on the costs for the CfD Counterparty and the CM Settlements Company

Energy UK supports setup of these new bodies in line with EMR implementation timeframes and the principle of sharing costs across the two companies. However, we believe that there needs to be clarification over the salary costs at the CfD Counterparty and on the chosen CfD supplier obligation and CM payment model designs.  

Energy UK’s full response can be read on the Energy UK website. 

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