Ofgem calls on industry to improve gas metering competition
A review of the state of competition in the non-domestic metering market has concluded that it “does not appear to be working as well as it should be”. Published on Monday 7 March, the Ofgem report said charges incurred by terminating contracts with meter providers, as well as the high costs associated with replacing metering assets after switching, represented significant barriers to suppliers seeking to change meter providers. As a result, competitive pressures on providers were minimal and rental charges on suppliers were high. The regulator called for meter providers to sell or lease meter assets in situ to incoming providers and for gas suppliers to promote the sale of their assets as a way of reducing rental charges.