EDF dual-fuel customers will pay £1,138, an increase of £96

Around 2.3m customers’ bills will rise to £1,138, the maximum amount suppliers can charge in line with Ofgem’s energy price cap

Funding bids will be assessed on value for money, short term grid capacity utilisation and how quickly the infrastructure and solutions can be completed, in support of the UK’s 2050 net zero goal

The change, from 1st April, is estimated to affect 15 million customers

The ‘Adjustment Allowance’ was introduced in winter 2020 to help suppliers deal with the economic fallout

As Director of Regulation and Economics, Mrs Fletcher will work for the energy system decarbonisation

Customers of Green Network Energy and Simplicity Energy will be contacted about the switch over the coming days

The closures are forecast to affect around 410,000 domestic customers

The proposed penalty follows four late payments into the FiT and RO schemes

The energy regulator claims the new body could save consumers as much as £4.8 billion between 2022 and 2050