In gentle of the statutory session printed in September 2023, Ofgem has determined to amend the good meter reporting necessities that vitality suppliers yearly submit for the Sensible Meter Targets Framework.
In February 2023, the Division for Power Safety and Web Zero (DESNZ) engaged in consultations for the Third and Fourth rollout years (2024 and 2025) of the Targets Framework. DESNZ proposed a change to the prevailing format, suggesting that vitality suppliers adhere to separate home and non-domestic targets.
This marks a departure from the earlier requirement for vitality suppliers within the First and Second rollout years (2022 and 2023) to satisfy a single set up goal for every gasoline sort (gasoline and electrical energy).
DESNZ formally confirmed this modification in July 2023.
In December 2020, Ofgem confirmed reporting necessities for vitality suppliers in regards to the First and Second rollout years.
These necessities specified what vitality suppliers should report yearly for the Targets Framework, aligning with the 2022 and 2023 framework the place reporting was set at an general gasoline degree, distinguishing between electrical energy and gasoline.
In September 2023, proposed modifications to the reporting necessities had been offered to align with the brand new home and non-domestic Targets Framework for 2024 and 2025.
Whereas there was broad settlement from suppliers on the proposed modifications, suggestions indicated that sure parts wanted clarification.
Taking this suggestions under consideration, Ofgem confirms the implementation of the proposals outlined within the statutory session.
Nevertheless, in response to acquired suggestions, some amendments to the unique proposals might be carried out.
The modifications are slated to take impact from fifth January 2024.
In preparation, Ofgem will challenge vitality suppliers an up to date Starting Of The Yr Report in November 2023, instrumental for calculating the 2024 Goal Quantity for Home and Designated Premises.
