OFGEM are introducing a new regulation from 1 April 2018, which all MiTM members should be aware of and take action accordingly to address well in advance.
Half Hourly(HH) electricity supplies will pay significantly more if their Maximum Demand(MD) exceeds their Available Supply Capacity (ASC). To date, customers simply pay the agreed contract rates for any excess capacity used in the billing month. Consequently, there has been little incentive to review and increase capacity where necessary. In simple terms, really didn't matter if you exceeded your capacity as you were billed the prevailing rate.
This will change with the introduction of excess capacity penalties. In short, imposing a financial penalty for exceeded the Agreed Supply Capacity.
These rates have yet to be finalised but are anticipated to be in the two to three times the standard rate. There will be variations by region and voltage.
If you are unsure of how you profile versus your current Agreed Supply Capacity please get in touch. Be more than happy to look at it for you.
Equally understanding where you profile versus your current Agreed Supply Capacity may allow you to reduce it which will immediately reduce monthly costs.
As a MiTM Patron we conduct an in depth audit for members on all charging elements across electricity, gas and water. There is no cost for the audit, we are simply paid a share of any refunds or savings identified and secured.[email protected] / 07501221728