All British domestic energy suppliers have today (18 April) signed an updated Code of Practise for prepayment meters (PPMs) with tougher Ofgem oversight to protect the most vulnerable.
David Osmon, a former senior economist at Ofgem, has called on the UK government to reduce standing charges on prepayment meters (PPM) permanently by removing VAT from them.
The UK government has revealed that OVO Energy, Scottish Power and British Gas have been responsible for over 70% of forced prepayment meter installations in 2022.
The energy sector has criticised the lack of focus within the Spring Budget on the development of renewables, energy efficiency and infrastructure, despite some technology support.
Following the early announcement of the extension of the Energy Price Guarantee (EPG) at the current rate of £,2500 for three months, there were only a few key energy focused elements to the Spring Budget.
