Here are some key events that are related to the energy and gas industry.

New Water Wholesale Price

New wholesale water prices will be effective in April 2018 as part of the Open Water Market which is regulated by Ofwat.

1st April 2018

DCP161 - Changes to Distribution Connection and Use of System Agreement

OFGEM is introducing new legislation from April 2018 which will impose penalty rates on half hourly supplies that exceed their authorised available capacity. Excess penalty rates could be more than three times higher than the standard rate. Read more here.

1st April 2018

Start of Storage Year

The UK’s gas storage year runs from the start of May to the end of April and the amount of storage capacity at sites can strongly impact gas prices.

1st April 2018

DCP 228 - Changes to Common Distribution Charging Methodology

DCP 228 will result in a revision in the banding system used to calculate DUoS charges so they reflect the costs incurred by network operators during peak and non-peak times.

1st April 2018

Increase to Gas Distribution Charges

Gas distribution charges are set for an increase in April due to changes to the total allowed revenue for network operators.

1st April 2018

Rise in CCL Rates

The annual rise in Climate Change Levy rates will occur on the 1st of April 2018.

1st April 2018

EII exemption from Renewables Obligation Charges

The government has confirmed that energy intensive industries (EIIs) will be exempt from the cost of Renewables Obligation (RO) from the 1st of April 2018, however, Feed-in Tariff legislation is yet to be amended to exempt EIIs.

1st April 2018

Brexit date

The date for the United Kingdom's withdrawal from the European Union, with 52% of voters choosing to leave in the June 2016 referendum, this is expected to lead to volatility on the energy markets.

29th March 2019

End of Carbon Reduction Commitment

The Carbon Reduction Commitment (CRC) scheme will be abolished following the 2018/19 compliance year. In parallel, there will be an increase in the Climate Change Levy (CCL) ensuring the change is a fiscally-neutral reform for the Government.

31st March 2019

Increase to Climate Change Levy

The Climate Change Levy is a tax on the amount of energy a business (in industry, commerce and the public sector) uses. The tax is added to energy bills before VAT and often appears as a separate item on bills. All money collected through the Climate Change Levy is then recycled back to businesses via a 0.3 per cent cut in employers’ national insurance contributions and via support towards energy efficiency and carbon-reduction equipment. The significant increase proposed is a result of the abolishment of the CRC scheme.

1st April 2019

Change to DUoS Charges

Annual revision of the banding system which is used to calculate Distribution Use of System charges so they reflect the costs incurred by network operators during peak and non-peak times.

1st April 2019

Start of new ESOS Compliance period

The second phase of the Energy Savings Opportunity Scheme which helps businesses minimise the cost of meeting energy efficiency measures. Read more here.

1st December 2019

Water Price Review

In December 2019 Ofwat will conduct a review to set final price limits and help create framework for the long-term future of the industry in order to safeguard consumers.

1st December 2019