Nick Jarrold’s Post

National Grid ESO published its summer update of forecast Transmission Network Use of System (TNUoS) tariffs to apply for 2025/26, on 31 July. 📉 Forecast tariff levels have seen an overall slight decrease since the initial forecast in April. However, there’s a significant amount of regional variation to these movements... check out the chart below 👇 Explore Daniel Starman's latest Intelligence article on Drax Energy Solutions to understand how the updated forecast could impact your organisation: https://lnkd.in/e6mkVE43

National Grid ESO published its summer update of forecast Transmission Network Use of System (TNUoS) tariffs to apply for 2025/26, on 31 July. 📉 Forecast tariff levels have seen an overall slight decrease since the initial forecast in April. However, there’s a significant amount of regional variation to these movements... check out the chart below 👇 Explore Daniel Starman's latest Intelligence article on Drax Energy Solutions to understand how the updated forecast could impact your organisation: https://lnkd.in/g8iBNgkb

📈 National Grid ESO published its Five Year View of Transmission Network Use of System (#TNUoS) charges on 30 April, predicting the 2025-26 tariffs would increase. Explore Energy Market Lead Daniel Starman's latest Intelligence to understand what the forecasted tariffs are, why they're predicted to increase, and what it might mean for you: https://lnkd.in/e76GiRVm

📉⚡️ As electricity demand drops and consumer tariffs rise, the energy sector faces a dual challenge. Dive into the latest insights on how these dynamics are reshaping the landscape. #EnergySector #ElectricityDemand #ConsumerTariffs #IndustryInsights

PRESS RELEASE NERC ISSUES MAY 2024 TARIFF ORDER TO ELECTRICITY DISTRIBUTION COMPANIES Pursuant to the tariff methodology adopted by the Nigerian Electricity Regulatory Commission, a revised tariff order covering the month of May 2024 has been issued by the Commission to the eleven (11) electricity distribution companies. The Commission has considered changes in the macroeconomic parameters over the preceding month of April 2024 and especially the appreciation of exchange rates – consequently the Commission has approved a downward review of end-user tariffs for Band “A” customers from NGN225/kWh to NGN206.8/kWh. The Commission reaffirms its commitment to providing a balanced and effective regulatory regime serving the needs of the Nigerian Electricity Supply Industry. Management 6th May 2024 #NERC #Electricity #PressRelease #TariffReview #BandA

A number of States have taken over regulatory control of the power sector from the Nigerian Electricity Regulatory Commission (NERC). I therefore expect to begin to see the issuance of a tariff framework for these States soon. It will be useful to see whether the States would adopt the existing federal tariff framework and whether they would stick with the various tariffs band that currently exist. Will the various State Governments be able and willing to bear the subsidy that exist or will they be asking all residents to pay cost reflective tariffs? Would we see new ideas in tariff methodology that would make a particular State stand out? The jury is surely out on how we go from here. #power #electricity #tariffs #Nigeria #NERC #powersectorreform

The future of Energy market 🔌 and Electric Grid 💡 is still facing great challenges, and grid operators, together with energy distributors, are ready to offer multiple options to end-users. Dynamic tariffs are a good example of energy offering solution, which is trying to balance demand and supply of electricity. This LCP Delta’s white paper is going into the details of such solution. All of us, as home owners and consumers of electricity, will have to deal with complex 😵💫 offering, that’s why a well structured integrated comfort & energy system (heat pump, PV, BESS), coupled with a piece-of-mind #homeenergymanager #hems, will make our life much easier…and ready for whatever future solution, including possibly as much independence and autarchy as possible. #dynamictariffs #viessmannclimatesolutions

Ofgem is considering lifting the ban on acquisition-only tariffs, a move that could greatly impact the energy market. 🔍 Read about the benefits and risks of this potential policy change: https://hubs.li/Q02y4LSl0 #socialhousing #EnergyMarket #Ofgem #ConsumerProtection #EnergyIndustry

In a bid to address concerns over the proposed increase in electricity tariffs, Minister of Power Adebayo Adelabu has reassured customers that those not receiving 20 hours of electricity daily will not be required to pay the new tariff. https://lnkd.in/gSg5fpyy #ElectricityTariffs #MinisterOfPower #AdebayoAdelabu #20HoursDaily #CustomerConcerns #PowerSector #Nigeria #EnergySector #TariffIncrease #ElectricitySupply

Obstacles to time-of-use tariffs uncovered. During Winter 2023, almost 60% of energy consumers were either utilising or contemplating a transition to time-of-use tariffs, citing hurdles such as monitoring electricity consumption and perceived cost savings. Department for Energy Security and Net Zero Ofgem #electricityconsumption #energyconsumption #energycosts #energycrisis #energydemand #energymarket #energypricecap #energyprices #energyretail #energysaving #energysupplier