prepayment meters

Ofgem predicts that most large energy suppliers will not achieve their prepayment meter (PPM) installation targets for 2023.

Energy regulator Ofgem has granted EDF, Octopus and Scottish Power permission to resume involuntary prepayment metre (PPM) installations.

Ofgem has launched a review into standing charges, how it is applied to energy bills and what alternatives could be considered.

Ofgem has confirmed that from 8 November 2023, the Code of Practise for prepayment meters – hitherto voluntary – will be made mandatory.

The UK Government has confirmed that 83% of its energy vouchers have now been claimed as the scheme approaches its 30 June deadline.

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.