Energy prices & policy

Today, Ofgem have announced delays to implementation to its Future Charging and Access reforms, which includes Ofgem’s proposed Targeted Charging Review (TCR). They’ve announced the following delays

1. TCR - Ofgem consulted on reform of the embedded benefits arrangements coming into effect in April 2020 or April 2021. Ofgem are now ruling out making these changes in April 2020 and their current preferred implementation date for embedded benefits reforms is April 2021.

2. TCR - Ofgem indicated that their preferred implementation date for new residual charging arrangements was either April 2021 or phasing between 2021 and 2023. They are now considering implementation in April 2023 as another leading option, alongside the other two preferred options.

3. Access reform - Ofgem indicated that changes to transmission charges would come into effect in April 2022, and changes to distribution arrangements in April 2023. They are now proposing to implement all Access reforms in April 2023.

For further information, please click here or, if you have any questions please call 0800 193 6866 or email our experts at Energy HQ, nbs@npower.com

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