We are pleased to be able to announce that Wholesale Power UK Limited is now operating under new ownership and that we are now part of the Inspired Energy group of companies.

We feel this is a big step forward in being able to provide a wider range of services to support our customers, with immediate effect.

Our day to day business operations will be “business as usual” and you will not see any change in contacts or any of the services we currently provide.  However, the expertise and resource provided by other sections of the Group will help us expand service provision into areas in which we are currently not involved.

As a business and as individuals, we are excited at the opportunities for the future and hope that we can continue to improve on the quality of service you have come to expect.

Commenting on the Acquisition, Janet Thornton, CEO of Inspired Energy said: "Inspired continues to go from strength to strength, ensuring we continue to deliver best advice to customers. We are delighted to conclude the acquisition of WPUK, which increases the breadth of our target customer base, further enhances our sector specialism and expands our service offering for our Corporate customers. We look forward to working closely with the highly experienced and knowledgeable team of WPUK and welcoming them into our Corporate division as we seek to further develop our position as a market leader."

The below is taken from the Total Gas and Power Single Meter Supply Point FAQ and is only to be used as a reference. Deaggregation of supply points is industry wide and will be done by all suppliers.

The original publication can be found here.

What is it?

Single Meter Supply Point is an industry-wide change as determined by the regulator (Ofgem) that all gas suppliers need to adhere to. Historically customers have been able to have more than one gas meter on an account (invoice) which had the effect of combining some industry charges*. From 1st July 2015 this will no longer be the case and each gas meter will have its own individual account number with a supplier.

Why is it happening?

The current systems for managing gas transactions have been in existence since 1996 and are very complex which makes them hard to manage. The systems are now due for replacement and a single gas meter for each account will greatly simplify this process.

How does it impact me?

The price impact of this change will differ on a site-by-site basis, depending on the extent of the existing number and size of the gas meters on an account. Ofgem acknowledge in their decision letter to suppliers that this may result in higher transportation charges being incurred by affected accounts. The impact of this on you will be dependent on your contract type and terms and conditions.

If your price does need to be altered we will write to you making it clear what new charges you can expect before any change is made. These new charges will be shown on your invoices.

Where you have more than one gas meter on an account with Total Gas & Power, we will need to ensure there is a new account number for each meter. For example, where you previously had 5 gas meters on a single account, this will become 5 accounts.

Information such as Contract Name, Billing address, VAT & CCL exemptions and any live Direct Debit instructions will be automatically copied across on to these new accounts.

How will I know when it’s happening?

The expected completion date is 1st July 2015. However, this is subject to change. The process takes approximately 1 month to complete and as such unless we hear otherwise from Ofgem, Total Gas & Power will commence work early in June 2015. If the completion date does change we will inform you of this.

Once we have created your new accounts, we will write to you confirming what they are and which gas meter they relate to. This will be between 1-2 months from completion.

Do I need to do anything?

If you believe that we may need to make additional changes to the billing information such as Contract Name, Billing address, VAT & CCL exemptions and any live Direct Debit instructions , then please contact the number on your invoice and we will be happy to discuss this with you. Other than that there is nothing for you to do other than keep an eye out for our future communications.

If you would like to speak to someone regarding Gas Meter Point Deaggregation please contact Wholesale Power on 01524 590000

Jed Bird - Operations & Trading Manager - The Queens speech on Wednesday this week outlined some key points within the Energy Bill which we have summarised below.

 

  • To increase the security of supply which ensures energy is both affordable and reliable by attracting further investment to improve competitiveness
  • Maximise the economic recovery of oil and gas from UK offshore fields by appointing the Oil and Gas Authority (OGA) as an independent regulator
  • Transferring existing consenting powers from Whitehall to local planning authorities regarding wind farm applications but would not affect the existing regimes in Scotland & NI
  • Investment in new energy infrastructure such as new nuclear and renewables and towards the exploration of gas

 

Contracts for Difference Feed In Tariff (CfD FiT)

Contracts for Difference form a major part of the EMR. EMR aims to deliver consistent, low-carbon
energy which is needed within the UK. The scheme, open to generators over 5MW, is set to replace
Renewables Obligation (RO). As it stands the Department of Energy and Climate Change (DECC) are
set to replace RO with CfD Fit from 31st March 2017 for new developments and RO shouldn’t go
beyond 2037.

During this period of transition customers will be invoiced for both RO and CfD FiT.

The costs for this scheme is to be recovered from all licensed electricity suppliers based on their
market share. The charges will commence from 1st January 2015.

Charges are invoiced on a daily basis, with quarterly and annual reconciliations and is managed by
the Low Carbon Contracts Company (LCCC), a private company owned by DECC.

The Capacity Market

The Capacity Market (CM) is another key feature of EMR. The main aim for CM is to maintain the
security of supply by making payments to keep steady sources of generation capacity on stream.

The main charges are to cover the payments made to generators and also to recover operational
costs of the Electricity Settlement Company (ESC).

These costs are to be recovered from all licensed electricity suppliers.

From May 2015 these costs will appear on your electricity invoices.

If you have any questions or require further information please see www.gov.uk, www.ofgem.co.uk,
www.lowcarboncontracts.uk, www.emrdeliverybody.com or call us on 01524 590000.