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On the 1st April 2022, the way in which Network Operators recover their costs from suppliers will change, as part of Ofgem’s Targeted Charging Review (TCR).
As a result, the distribution of these network charges will partly shift away from Unit Rates and into Standing Charges.
The TCR was initiated by Ofgem to look into how network charging (DUoS and TNUoS) could be made fairer across all consumer groups whilst ensuring that the network operators recovered the required revenues to maintain the transmission and distribution systems.
For customers on a flexible energy contract you will see these changes from your April invoices onwards. If you are on a fixed contract you are likely to see these changes reflected in your renewal price.
If you have any questions about TCR or need advice on making sure you have the right energy strategy in place for your business, we can help.
As the largest business energy supplier in the UK, we care about creating a cleaner planet and helping you reduce your carbon emissions. As we’re now part of Centrica Business Solutions we’ll combine our knowledge and expertise, and be able to provide you with the advice and technologies that enable you to save, re-use and manage your energy sustainably.