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Residentia l energy costs and bills UK 2004 to 2016

Residential energy costs and bills.pptx

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Page 1: Residential energy costs and bills.pptx

Residential energy costs and bills UK 2004 to 2016

Page 2: Residential energy costs and bills.pptx

Gas and Electricity usage per household

Average usage gas/electricity 2016 per year:• Small house/flat: Gas 8,000 KM/H and electricity 2,000

KM/H • Medium house: Gas 12,500 KM/H and electricity 3,100

KM/H• Large House: Gas 18,000 KM/H and electricity 4,600

KM/H

Page 3: Residential energy costs and bills.pptx

2016 energy tariffs

• Competition and marketing authority (CMA) June 2016- 70% of people on more expensive standard variable tariffs costing an extra 1.4 billion pounds compared to the competitive market• Throughout 2016 4 million customers switched providers (Energy and Gas) eclipsing the past 3 years, with over 400,000 in the month of November 2016. • It is reported that around 40 million people are currently on standard tariff plans• Costs of transporting energy around the UK is projected to increase in 2017 (Electricity by 8-15% and Gas 5-6%)• OFGEM (Office of Gas and Electricity markets) introduced a supplier league table (December 2016) comparing the average bills paid on a standard tariff for the larger companies compared against the 10 cheapest deals- providing better info to switch and save, access to more accurate information based on actual energy usage

Page 4: Residential energy costs and bills.pptx

Big Six Standard Variable Tariffs

Supplier Payment of receipt of payment (£)

Pay monthly Direct Debit (£)

Prepaid (£)

British Gas

1102 1044 1102

EDF Energy

1139 1069 1139

E-on 1117 1047 1117

Npower 1172 1077 1172

Scottish Power

1161 1081 1142

SSE 1136 1056 1148

Page 5: Residential energy costs and bills.pptx

Average household bills 2004 to 2016

Year Electricity (£) Gas (£) Total cost (£)

2004 288 277 565

2005 318 317 635

2006 374 387 761

2007 415 441 856

2008 417 517 934

2009 488 582 1070

2010 474 564 1038

2011 513 617 1130

2012 542 686 1228

2013 577 729 1306

2014 592 752 1344

2016 1066

Page 6: Residential energy costs and bills.pptx

Average energy costs per property

Property Size Monthly (£) Quarterly (£) Annually (£)

Small House/Flat 61 184 735

Medium House 89 267 1068

Large House 125 374 1495

Page 7: Residential energy costs and bills.pptx

Energy Bills Breakdown

Bills breakdown

Wholesale Energy Costs 46.60%

Energy Delivery Costs 24.30%

Government Policies 10.20%

Taxes 5.90%

Suppliers Operating Costs 9%

Supplier Profits 4%

Page 8: Residential energy costs and bills.pptx

Energy and Gas Switches 2016

Energy and Gas switches 2016

Month Small to Meduim Suppliers to Large Suppliers Large Suppliers to Small to Meduim SuppliersJanuary 21,839 129,516February 41,903 157,676March 50,365 206,419April 44,464 190,201May 45,524 144,410June 51,524 120,115July 42,010 118,184August 42,246 120,845September 50,325 121,969October 92,632 144,552November 74,932 188,903December 64,765 156,318

Page 9: Residential energy costs and bills.pptx

Energy and Gas Switches 2016

Page 10: Residential energy costs and bills.pptx

Domestic Switches Snapshot 2016

• £18 billion was invested in energy generation, distribution and customer service• By the end of 2015 there was 40 registered energy suppliers compared to 24 in 2014• The Energy sector contributed £5.5 billion in taxes to the UK Government• By 2030 a further 140 billion will need to be invested in new generation capabilities as well as £40 billion on enhancing the current network• Energy suppliers have spent over £3 billion since 2013 on delivering energy efficiency measures• Domestic switches have increased 26% compared to last year• The Energy Switch Guarantee introduced in 2015, has made switching energy supplier not only easier but provided more confidence for customer

Page 11: Residential energy costs and bills.pptx

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