The Nation's Cheapest Prepay Energy

Total Page:16

File Type:pdf, Size:1020Kb

The Nation's Cheapest Prepay Energy The nation’s cheapest prepay energy OVO Smart PAYG Fuel Consumption Total dual fuel Provider Tariff name Meter type Region (all online) saving type level cost (£ per year) (£ per year) OVO Energy Smart PAYG energy (all Online) Dual Single-rate Medium England £1,165.86 Utilita Smart Energy Dual Single-rate Medium England £1,186.45 -£20.59 Ecotricity Green Electricity + Green Gas Prepayment Dual Single-rate Medium England £1,186.65 -£20.79 British Gas Fixed Price August 2016 Dual Single-rate Medium England £1,193.86 -£28.00 ScottishPower Help Beat Cancer Fixed Price Energy May 2017 Dual Single-rate Medium England £1,199.01 -£33.15 E.ON E.ON Energy Plan with Prepayment Dual Single-rate Medium England £1,201.86 -£36.01 npower Pre Pay Fix Feb 2017 Dual Single-rate Medium England £1,207.14 -£41.28 British Gas Fix & Fall June 2016 Prepayment Dual Single-rate Medium England £1,223.75 -£57.89 British Gas Prepayment Dual Single-rate Medium England £1,223.75 -£57.89 EDF Energy Blue+Fixed Prepay March 2017 Dual Single-rate Medium England £1,224.45 -£58.59 OVO Energy Smart PAYG energy Dual Single-rate Medium England £1,225.88 -£60.02 ScottishPower PREPAYMENT PAY AS YOU GO Dual Single-rate Medium England £1,226.42 -£60.56 SSE Standard Pay As You Go Dual Single-rate Medium England £1,232.11 -£66.25 EDF Energy Prepayment Dual Single-rate Medium England £1,233.59 -£67.74 Spark Energy PAYG saver Dual Single-rate Medium England £1,236.43 -£70.58 Utility Warehouse Value Prepayment Dual Single-rate Medium England £1,246.32 -£80.46 First Utility iSave Everday (v3) Prepayment Dual Single-rate Medium England £1,248.57 -£82.71 Extra Energy Variable Price v1 Prepayment Dual Single-rate Medium England £1,260.14 -£94.28 npower Prepayment Dual Single-rate Medium England £1,263.08 -£97.22 Co-operative Energy Prepayment Dual Single-rate Medium England £1,346.80 -£180.95 .
Recommended publications
  • Powering Ahead! Making Sense of Business Models in Electric Vehicle Charging
    Powering ahead! Making sense of business models in electric vehicle charging October 2018 In association with Contents Acknowledgements 1 Foreword from Energy UK 2 Setting the scene 4 Our approach 5 Key findings 6 How the charging market stacks up 11 Where does charging take place and 14 how does it work? Bringing your business model to life 26 Deep dive on business models 28 What should you do next? 33 Strategy& is PwC’s global strategy consulting team. We help you transform your business by creating strategy that starts with your greatest strengths and builds in execution at every step. We call this strategy that works, and it delivers immediate impact and lasting value for you. As part of the PwC network, we combine 100 years of strategy consulting experience with PwC’s deep industry and functional capabilities. PwC has more than 250,000 people in 158 countries committed to delivering quality in assurance, tax, and advisory services. Acknowledgements To research and fully understand the constantly evolving landscape that is the electric vehicle charging market, we had the good fortune to speak to a number of companies and individuals who are at the very heart of this transformation. We would like to thank everyone who contributed to the report for their insights and time. Addison Lee – Andrew Wescott and Justin Patterson Chargemaster – Tom Callow Ecotricity – Mark Meyrick EDF Energy – Roy Collins ELEXON – Kevin Spencer Elsden Consultants – Miles Elsden Energy UK – Sam Hollister InstaVolt – Tim Payne National Grid – Graeme Cooper and Thomas Maidonis Ovo Energy – Tom Packenham Pivot Power – Matt Allen Pod Point – James McKemey ScottishPower – Malcom Paterson Tesla Western Power Distribution – Ben Godfrey Powering ahead! Making sense of business models in electric vehicle charging 1 Foreword from Energy UK Lawrence Slade Chief Executive I am delighted to work with PwC to bring their insight to investigating the market dynamics of The EV revolution is already upon us.
    [Show full text]
  • Your Guide to Going Green
    YOUR GUIDE TO GOING GREEN An Energy Toolkit for Hospitality In partnership with Ecotricity Sustainable Restaurant Association What’s Purpose 3 Understanding the energy market 4 inside Tariffs 4 Other terms 5 Process 7 this Price 10 People 11 Five actions you can take 12 guide References 13 Carbon Emissions = Climate Change 2 Your Guide to Going Green Linking energy more closely to the food, service and Electricity and gas: all foodservice businesses use one, if not both, to store and cook food, ventilate and light their space. Energy use accounts for 4-6% of daily operating costs for the average food service business, space while constituting a significant environmental impact too. A 20% reduction in energy use can represent the same benefit as a 5% increase in sales. This toolkit aims to help you build an energy policy that drives down the carbon footprint of your business and give you the lowdown on green energy to support you in making the switch. Energy is everywhere in your business, On an annual basis the from the embedded energy required to produce food to the running of fridges, British hospitality in- stoves and gas rings, lighting, ventilation, dustry produces more and even the fuel from the truck that carbon emissions than comes to empty the bins. This energy the entire country of leaves a carbon footprint, contributing to Costa Rica. global emissions, bit by bit. On an annual basis, the British hospitality industry produces more carbon emissions than Costa Rica. Burning fossil fuels such as coal and natural gas has provided much of humanity’s energy needs since the Industrial Revolution, but that’s changing in a big way.
    [Show full text]
  • View Members of the Access and Forward Looking Task Forces Here
    Organisation Name Email address Task Force Stakeholder Group Forward-Looking Citizens Advice Andy Pace [email protected] Consumer representatives charges Energy Intensive Users Forward-Looking Jeremy Nicholson [email protected] Consumer representatives Group charges Forward-Looking Energy Local Mary Gillie [email protected] Local energy groups charges Forward-Looking Centrica Tim Collins [email protected] Large generators and suppliers charges Forward-Looking Npower (supplier) Daniel Hickman [email protected] Large generators and suppliers charges Scottish Power Energy Forward-Looking Joe Dunn [email protected] Large generators and suppliers Management charges Forward-Looking SSE plc John Tindal [email protected] Large generators and suppliers charges Forward-Looking Good Energy Tom Steward [email protected] Small suppliers charges Forward-Looking BUUK (IDNO) Michael Harding [email protected] Network companies charges Electricity North West Forward-Looking Chris Barker [email protected] Network companies Limited charges Forward-Looking National Grid Louise Schmitz [email protected] Network companies charges Forward-Looking Northern Powergrid Andrew Enzor [email protected] Network companies charges Scottish and Southern Forward-Looking Nigel Bessant [email protected] Network companies Electricity Networks charges Forward-Looking UK Power Networks Chris Ong [email protected] Network companies charges Association for
    [Show full text]
  • A Brief History of the GB Energy B2C Retail Market – 'The Disruption Of
    22nd Edition November 2020 World Energy Markets Observatory A brief history of the GB energy B2C retail market – ‘the disruption of incumbents’ Over the last 15 years, the GB energy retail market has changed significantly. A look back to 2005 shows 12 suppliers, with the ‘Big 6’ incumbent energy retailers – EDF Energy, British Gas, SSE, Scottish Power, npower (RWE) and E.ON having a market share of effectively 100% of the 30 million customers in the UK.1 Only 15 years later, the market in 2020 looks dramatically million in gas.3 Of these, 22% were customers switching away different - with over 50 suppliers, and the market share of the from the six largest suppliers.4 legacy incumbents’ being reduced to circa 70%. Moreover, suppliers previously thought of as “challengers” or “small Not every new entrant or challenger that has entered the suppliers” have made large acquisitions and/or grown market has been successful. In particular, in 2018 we witnessed significantly. The market is now dominated by Ovo Energy, 14 exits from the market, with Ofgem, the energy regulator, EDF, British Gas, Scottish Power and E.ON. needing to use supply of last resort arrangements for over one million customers.5 Further, a series of acquisitions from Figure 1 provides a chronicle (2005 to 2020) of how the market Octopus Energy (including ENGIE, Co-Operative Energy, structure has changed and how the UK energy retail market Affect Energy and Iresa Energy) have seen their customer base has become one of the most competitive in Europe. The increase to over one million in less than five years.
    [Show full text]
  • Greenwashing Vs. Renewable Energy Generation
    Greenwashing Vs. Renewable energy generation: which energy companies are making a real difference? Tackling the climate crisis requires that we reduce the UK’s carbon footprint. As individuals an important way we can do this is to reduce our energy use. This reduces our carbon footprints. We can also make sure: • All the electricity we use is generated renewably in the UK. • The energy company we give our money to only deals in renewable electricity. • That the company we are with actively supports the development of new additional renewable generation in the UK. 37% of UK electricity now comes from renewable energy, with onshore and offshore wind generation rising by 7% and 20% respectively since 2018. However, we don’t just need to decarbonise 100% of our electricity. If we use electricity for heating and transport, we will need to generate much more electricity – and the less we use, the less we will need to generate. REGOs/GoOs – used to greenwash. This is how it works: • If an energy generator (say a wind or solar farm) generates one megawatt hour of electricity they get a REGO (Renewable Energy Guarantee of Origin). • REGOs are mostly sold separately to the actual energy generated and are extremely cheap – about £1.50 for a typical household’s annual energy use. • This means an energy company can buy a megawatt of non-renewable energy, buy a REGO for one megawatt of renewable energy (which was actually bought by some other company), and then claim their supply is renewable even though they have not supported renewable generation in any way.
    [Show full text]
  • Community Energy White Paper April 2014 Contents
    Community Energy White Paper April 2014 Contents Letter from the CEO .............................................................................. 3 Executive Summary ............................................................................. 4 Redefining energy ............................................................................... 5 Today’s challenges .............................................................................. 8 The future of energy .......................................................................... 11 A solution: Decentralisation ............................................................... 14 Why focus on communities? .............................................................. 15 What can we learn from other countries? ........................................ 20 A platform for success ...................................................................... 24 How will it work? ............................................................................... 25 Government support ......................................................................... 26 Appendix: The UK Government’s community energy strategy ....... 27 Bibliography ....................................................................................... 29 2 Letter from the CEO All industries evolve. If they don’t, they die out or are supplanted by something different. Evolution can take many forms - value for money, customer service, product innovation, operational efficiency. But one way or another, change means survival and growth.
    [Show full text]
  • The Energy Tariff Greenwash They're Growing in Popularity
    THE ENERGY TARIFF GREENWASH They’re growing in popularity, but are renewable electricity tariffs offering what customers expect? Sarah Ingrams exposes unclear claims and busts myths to help you choose a supplier with green credentials you’re happy with 20 WHICH? MAGAZINE OCTOBER 2019 GREEN ENERGY f you’re attracted to it through the lines to your the idea of a renewable property’ – at best an example THE ELECTRICITY I energy tariff to do your of staff ignorance. bit for the environment, YOU USE TO POWER a quick comparison suggests Unclear claims YOUR APPLIANCES you’ve got plenty of choice. When Myths aside, there are big we analysed the 355 tariffs on the differences in what companies do IS THE SAME AS market, more than half claimed to support renewable generation renewable electricity credentials. but it’s not always clear from their YOUR NEIGHBOUR’S, Three years ago it was just 9%. The websites. When Good Energy cheapest will cost you around £500 states ‘we match the power you use REGARDLESS OF THE less than the priciest, per year. But in a year with electricity generated you may be shocked to find out the from sun, wind and water’, it TARIFF YOU’RE ON differences between them. means it buys electricity directly In a survey of almost 4,000 from renewable generators to people in late 2018, a third told match customer use for 90% of us that if an energy tariff is marked half-hour units throughout the year. ‘green’ or ‘renewable’, they expect But similar-sounding claims from that 100% renewable electricity is others don’t mean the same thing.
    [Show full text]
  • Terms of Reference for the Implementation Steering Group
    EMR Collaborative Development Process: Terms of Reference for the Implementation Steering Group Introduction The objective of the collaborative development process is to: Develop refined EMR process maps1 and associated design features, where these processes will involve industry and delivery agent participation; Develop an implementation plan for establishing and testing those processes; and Secure joint responsibility to ensure the delivery of the EMR programme to time. The outcome will be to develop an understanding of how EMR proposals can be implemented in practice and work at an operational level, in particular how relevant participants within the EMR regime will be required to act within that process. We intend to make material relating to this process publicly available on the DECC website. Purpose of Implementation Steering Group: To support the collaborative development process to move EMR from policy development to successful implementation To agree the TORs, membership and provide the necessary resources required for the implementation working groups To ensure there is a balance of views present at the working groups Activities: The above objectives will be achieved by carrying out the following activities: Advising DECC on the scope of the collaborative development process Advising DECC on membership of working groups Raising issues with the operation of the working groups or the solutions developed as they relate to a company’s implementation Supporting and sharing responsibility for the emerging EMR Implementation Plan Feeding relevant issues into the parallel process of drafting the Regulations Meetings: The collaborative development process is expected to take place from summer 2013 to the end of 2013. The Implementation Steering Group (ISG) will commence meetings in July 2013 in advance of the first phase of working groups to agree the scope and overall approach to collaborative development.
    [Show full text]
  • Industry Background
    Appendix 2.2: Industry background Contents Page Introduction ................................................................................................................ 1 Evolution of major market participants ....................................................................... 1 The Six Large Energy Firms ....................................................................................... 3 Gas producers other than Centrica .......................................................................... 35 Mid-tier independent generator company profiles .................................................... 35 The mid-tier energy suppliers ................................................................................... 40 Introduction 1. This appendix contains information about the following participants in the energy market in Great Britain (GB): (a) The Six Large Energy Firms – Centrica, EDF Energy, E.ON, RWE, Scottish Power (Iberdrola), and SSE. (b) The mid-tier electricity generators – Drax, ENGIE (formerly GDF Suez), Intergen and ESB International. (c) The mid-tier energy suppliers – Co-operative (Co-op) Energy, First Utility, Ovo Energy and Utility Warehouse. Evolution of major market participants 2. Below is a chart showing the development of retail supply businesses of the Six Large Energy Firms: A2.2-1 Figure 1: Development of the UK retail supply businesses of the Six Large Energy Firms Pre-liberalisation Liberalisation 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
    [Show full text]
  • The RSPB's 2050 Energy Vision
    Section heading The RSPB’s 2050 energy vision Meeting the UK’s climate targets in harmony with nature Technical report The RSPB’s vision for the UK’s energy future 3 Contents Executive Summary ................................................................................................................................. 3 Authors .................................................................................................................................................. 11 Acknowledgements ............................................................................................................................... 11 List of abbreviations .............................................................................................................................. 12 List of figures and tables ....................................................................................................................... 15 1. Introduction ...................................................................................................................................... 17 1.1 Background ....................................................................................................................................... 17 1.2 Aims and scope ................................................................................................................................. 18 1.3 Limitations to the analysis ................................................................................................................ 19 1.4 Structure of the
    [Show full text]
  • Wait the Opportunities Around Electric Vehicle Charge Points in the UK Contents
    Hurry up and… wait The opportunities around electric vehicle charge points in the UK Contents 1. Executive summary 01 2. Introduction 02 3. How many chargers will be needed? 04 4. Charging segments 05 5. DC or not DC? That is the question 07 6. The infrastructure value chain 09 7. Models seen elsewhere 12 8. Next steps 14 9. Appendix: Investment calculations 15 10. Key contacts 17 Hurry up and… wait | The opportunities around electric vehicle charge points in the UK 1. Executive summary How quickly electric vehicles (EVs) will become The EV charging infrastructure market is young and fragmented, a major form of transport is a source of much and companies from a variety of different sectors are entering it. Those looking to get into this market need to act fast, but then be debate. A shortage of public charge points will prepared to wait: it is expected to become profitable only when deter adoption. EVs make up at least five per cent of vehicles in circulation, or about two million units. The key question for participants is where to play We modelled three scenarios for what the UK market will need to and what activity areas to be part of. 2030: a low case if uptake is slower than expected (two million EV units); the central case; and a high uptake case if the EV adoption We expect to see three business models prevail in the UK in the coming rate exceeds expectations (10.5 million units). In our central years. A public model, where government bodies offer funding that estimates, we assume seven million EVs in circulation, requiring private companies use to recover at least a portion of the investment around 28,000 public charging points, and capital expenditure of costs.
    [Show full text]
  • Annex D Major Events in the Energy Industry
    Annex D Major events in the Energy Industry 2018 Energy Prices In February 2018 the Domestic Gas and Electricity (Tariff Cap) Bill was introduced to Parliament, which will put in place a requirement on the independent regulator, Ofgem, to cap energy tariffs until 2020. It will mean an absolute cap can be set on poor value tariffs, protecting the 11 million households in England, Wales and Scotland who are currently on a standard variable or other default energy tariff and who are not protected by existing price caps. An extension to Ofgem’s safeguard tariff cap was introduced in February 2018 which will see a further one million more vulnerable consumers protected from unfair energy price rises. Nuclear In June 2018 the Government announced a deal with the nuclear sector to ensure that nuclear energy continues to power the UK for years to come through major innovation, cutting-edge technology and ensuring a diverse and highly-skilled workforce. Key elements include: • a £200 million Nuclear Sector Deal to secure the UK’s diverse energy mix and drive down the costs of nuclear energy meaning cheaper energy bills for customers; • a £32 million boost from government and industry to kick-start a new advanced manufacturing programme including R&D investment to develop potential world-leading nuclear technologies like advanced modular reactors; • a commitment to increasing gender diversity with a target of 40% women working in the civil nuclear sector by 2030. 2017 Energy Policy In October 2017 the Government published The Clean Growth Strategy: Leading the way to a low carbon future, which aims to cut emissions while keeping costs down for consumers, creating good jobs and growing the economy.
    [Show full text]