As energy experts, we always keep one ear to the ground so that we can offer the most up to date advice and energy offers.

With the festive season now behind us, we thought it would be good to look at what’s set to change in 2018 so you can be prepared for any changes which may affect you.

British Gas scraps standard variable tariff

Centrica, the owner of energy giant British Gas, is set to scrap its widely criticised standard variable tariff for new customers from April 2018 replacing it with a one year tariff with no exit fees.

Standard variable tariffs are an energy supplier’s default tariff and, as the name suggests, the rate you pay can go up or down depending on wholesale energy costs. If you’ve never shopped around for a better energy deal, the chances are that this is the type of tariff you’re on.

We hope that this change will mean that more people will complete an annual energy audit and renewal like they would with their home or car insurance – having a date each year where you need to ‘renew’ your tariff should encourage businesses to ensure their always on the best deal for their needs.

Energy Savings Opportunity Scheme (ESOS)

The Energy Savings Opportunity Scheme (ESOS) is a mandatory energy assessment and energy saving scheme. While the scheme itself is not new, Phase 2 is now underway and qualifying organisations are now able to begin the compliance process.

Large, UK organisations need to take three important steps before the compliance date of 5 December 2019:

  1. Measure their total energy consumption;
  2. Conduct audits to identify cost-effective energy efficiency opportunities; and
  3. Report compliance to their national scheme administrator – the Environment Agency in England, SEPA in Scotland, NIEA in Northern Ireland and NRW in Wales.

Acting early will help you avoid some of the bottlenecks and other challenges which occurred during the first phase of ESOS. Qualification criteria and requirements of the scheme are quite complex and many organisations will need to take a number of steps to ensure that they comply. Here at The Green Energy Advice Bureau, we can help you ensure that you’re compliant ahead of the 2019 deadline – get in touch with our energy experts for help on this matter.

 

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