It’s worth comparing different types of contract to make sure you’re on the right one for your business needs. Rollover contract It’s automatically renewed until it's cancelled and might not give you the best deal. You’re usually put onto this type of tariff when your current deal end...
To help homeowners keep their heating systems in good working order, npower has launched a combinedÂenergy tariffand central heating care package, meaning that new customers signing up to the Bill Saver energy tariff can take advantage of discounted central heating care. Npower’s new offer combi...
Flexible-rate tariffs– These rise and fall depending on wholesale electricity costs. This means you benefit while wholesale prices are low. But if they rise, you could end up paying more than you might with a fixed tariff. There are also a few different types of flexible business electricity...
Fixed-rate tariffs– tariffs where the rate you pay per unit of electricity is fixed. While on a fixed-rate tariff you may not benefit from reductions in the market cost, as a business you’ll have price consistency, which is useful for planning finances and budgeting. It’s standard for ...
Until now, there have been no effective measures to balance demand. In case of power shortages, some regions of the country are simply switched off. The tariff system does not offer incentives to consumers to manage their power demand. There is evidence that industry would be open to a tarif...
However, there is substantial variation in demand side response, mainly due to specific tariff design and the presence of “enabling technologies”, such as programmable thermostats or in-home displays (Commission for Energy Regulation, 2011; Faruqui and Sergici, 2013; U.S. Department of Energy,...
This work investigates approaches to simplify capacity planning for electricity systems with hydroelectric and renewable generators with three specific foc
What types of energy tariff are there? When it comes to energy tariffs, there are more options available than ever. This means it's easier for customers to ensure they're not overpaying for their energy and choose the tariff type that best fits their lifestyle. Fixed rate tariffs Fixed ra...
2.2. Electricity markets Economists often refer to liberalized and competitive electricity markets, (Baumol and Oates, 1988; Layard and Walters, 1978), meaning: • customers are free to choose their electricity supplier; • generators have free access to the market; • generation, supply, and...
It is important to note that several non-commodity charges, such as the government's Renewables Obligation (RO) and Feed-in-Tariff (FiT) schemes, remain unchanged despite the recent change in overall demand. Consequently, these costs are required to be spread over lower demand volumes, meaning...