Although the TCR deadline has been pushed back, we know that our customers want to prepare for the changes now, so we’re striving to provide certainty where we can (and total transparency where we can’t). DNOs have published their DUoS charges for 2022, and TNUoS charges are still to be confirmed. Whilst there might be some delays to this roll out, one certainty is that every supplier will pass these costs through to their customers differently. For example, some suppliers are building in risk premiums or change clauses to protect themselves from any potential changes to the current prices. This means customers will need to think about which supplier’s method will work best for their business.
Businesses who aren’t able to be flexible at peak times, and could therefore benefit as a result of the TCR, should look carefully at the way their supplier is proposing to manage the ‘risk’ related to the TCR – as this risk will not apply to them. If they opt for a contract in which the supplier has included a significant risk premium, for example, then they will miss out on the savings they could have made and could find that they’re paying much more than they need to be for their electricity.
At Bryt Energy, we’re trusted by nature, so we’ve come up with a transparent way to accurately price according to what we know now, to provide our customers with as much certainty as we can while recognising that prices may still change slightly. From September 2020 we’ve clearly stated the TCR banded charges into our new contracts in order to give our customers as much visibility of their costs as possible. And because our operations are built to be agile, our prices will always reflect Ofgem’s latest position and advice.