For example, here’s a blog explaining that 60% of your bill comprises Third Party Charges (TPCs). Given that these non-energy costs outweigh the 40% of the bill total that you pay for electricity, it’s important to find out more about the range of TPCs included.
The Government has introduced some of them, as part of its plans to ensure the UK reaches its carbon reduction targets. For example, to support and incentivise investment in renewable power, the charges include Renewables Obligation (RO) and Contracts for Difference (CfD).
There are also charges dedicated to operating and maintaining the country’s power distribution system (National Grid) such as Balancing Services Use of System (BSUoS), Distribution Use of System (DUoS) and Transmission Network Use of System (TNUoS).
You can find the definitions for these, and other, charges in our simple infographic.
As well as understanding why you’re paying these charges and what they mean, it’s also important to stay informed on how they’re changing. Our guide to TPCs gives you the details you need, plus predictions about the likely cost increases across the year. With this information to hand, you’ll be in a much better position to accurately forecast for these costs in your energy budget.
If you have any questions about TPCs, or want to chat about improving your energy management, talk to our friendly experts on 01473 725943 or firstname.lastname@example.org
Haven Power installs one of the UK’s first new generation smart meters for business
Haven Power has completed its first installation of the new generation SMETS2 meter for businesses - marking the start of the supplier’s smart field test
22 Oct 2018 | Company
59% believe sustainability is key to a clean future
As Green GB week begins, new research from Haven Power reveals over 59% of utility decision makers believe sustainability is key to a clean future.
18 Oct 2018 | Industry
Wind and solar generation up to 39%, while UK power curve loses value
Wind and solar generation was up to 39% on 10th October and a mix of high and low wind output steered day-ahead prices last week. Stay updated with Haven Power's weekly market report.
16 Oct 2018 | Industry