Energy supplier prices for microgeneration 'fair'

Compare tariffs and switch energy supplier in minutes

 
Compare energy deals and switch supplier to cut your energy bills by £447* a year - start saving money in a matter of minutes!

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jul 2018 and 31 Dec 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £447 or more.

The UK's energy regulator has said prices that energy suppliers are offering to households who want to sell energy produced from microgeneration are fair.

In a new report, Ofgem has stated that the prices offered are "a fair reflection" of wholesale costs of gas and electricity, as well as the other benefits available from locally produced power.

However, the regulator also warned that it may take homeowners using wind turbines and solar panels around 20 years to be fully paid back on the cost of installing the renewable systems.

Alistair Buchanan, the Ofgem chief executive, added that consumers also need more advice about taking up microgeneration.

He said: "Customers need better, clearer information to help find the best deal, as they will have to weigh up several factors such as the returns they could make on exporting power and the costs of a meter to register exports."

Ofgem also recently announced plans to investigate the regulatory regime of the UK's energy markets.

The regulator said it wanted to ensure that current systems provide customers with reliable service and fair prices.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.


Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more