UK Ofgem introduces new rules for smart meter households, requiring energy companies to settle electricity bills more accurately by 2025, potentially saving £4.5bn by 2045.
UK energy regulator Ofgem introduces new rules for smart meter households, requiring energy companies to settle electricity bills more accurately by 2025. This could lead to savings of £4.5 billion by 2045. The market-wide half-hourly settlement reforms aim to reduce high average energy bills and encourage consumers to use electricity at off-peak times, leading to the rise of 'time of use' energy tariffs.
April 05, 2024
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