Energy Price Guarantee scheme administration
Elexon is the Scheme Administrator for the Energy Price Guarantee covering domestic electricity consumers in Great Britain. As the Scheme Administrator Elexon will manage the estimation of domestic consumption and associated payment arrangements to and from Suppliers that take part in the scheme.
About the scheme
The Energy Price Guarantee (EPG) was a temporary government program that capped the price of gas and electricity for domestic customers in the UK to help reduce the impact of the energy crisis. The EPG was in place from October 2022 until March 2024.
The government set maximum prices for gas and electricity that were lower than the existing price cap. The government also compensated energy suppliers for selling at below cap prices. The EPG capped the amount you could be charged per unit of gas or electricity used. The Ofgem rate was applied uniformly across the country. However, there were regional variations in energy prices before the EPG was introduced. These variations are primarily due to differences in network charges and regional distribution costs.
Some FAQs
Q. How long will the Energy Price Guarantee operate?
Answer: The EPG ended in March 2024 because the price cap had fallen since July 2023, making the EPG no longer necessary. Elexon will administer invoices up to the Final Reconciliation Run (RF) at approximately 14 months after any scheme end date.
As of 1 July 2023, the scheme has undergone changes (see details below)
Q: What changes occurred to the Energy Price Guarantee from 1 July 2023?
Answer: As of 1 July 2023, due to falling wholesale prices, the Energy Price Guarantee no longer provides a unit rate discount.
Q. How can I contact Elexon regarding the scheme?
Answer: Please contact the Elexon Support using the web form.
Q. When will I receive the Support Payment invoice?
Answer: Invoices will be published every Monday from 10 October 2022. Where this falls on a Bank Holiday this will be the next working day.
Q. What backing data will I receive in regards to a Support Payment Invoice?
Answer: Weekly, Daily and MPID level Summary backing data reports are provided via email from Elexon for a Support Payment Period.
The reports are in a csv format.
We expect to be able to send reports to Suppliers on the same date as the Support Payment invoice.
Please provide operational contact details to [email protected] for where you would like the reports to be sent.
Q. When will I receive the Support Payment?
Answer: Payment will be made four working days after the invoice.
Q. What happens if I need to pay Elexon?
Answer: The Support Payment Invoice will be published as per the normal weekly cycle.
Where a Supplier is required to make a payment, the amount will be payable to Elexon and will be due two working days after the invoice date.
Q. How will you calculate my domestic consumption?
Answer: A combination of estimation and actual data is used for the calculation to ensure that payment can be made as early as possible.
For Non-Half Hourly sites, we use Profile Class 1 and 2 data, excluding unmetered supplies.
Profiles are applied to convert the Estimate of Annual Consumption (EAC) and Annualised Advance (AA) values into a daily value.
For Half Hourly sites, we use consumption data for Consumption Component Class IDs 42 and 45.
Q. Will MVRNs apply?
Answer: No.
The volumes will not take into account any Meter Volume Reallocation Notifications. The volumes will remain with the Lead Party/Licensed Supplier.
Q. When should I submit Reduced Tariff Floor (RTF) Adjustments to Elexon?
Answer: Suppliers should provide RTF Adjustment data to Elexon no later than ten business days after the end of a Support Payment Period.
Q. How do I submit Reduced Tariff Floor (RTF) Adjustments to Elexon?
Answer: Please email RTF Adjustment submissions to [email protected]
Q. What should I include in the Reduced Tariff Floor (RTF) Adjustment submission?
Answer: Suppliers should include the following:
- BSC Party ID
- Scheme Week
- Amount of RTF Adjustment £
- RTF MSID Count
- RTF Total KWh Impact
Q. What should I submit if I believe I do not have a Reduced Tariff Floor (RTF) Adjustment for a Support Payment Period?
Answer: If you believe this is the case, we still require you to provide notice to us, so please submit a £0 RTF Adjustment for the relevant Support Payment Period.
You can submit for multiple Support Payment Periods if you believe this will repeatedly be the case.
Q. When will my Reduced Tariff Floor (RTF) Adjustment be processed by Elexon?
Answer: RTF Adjustment Amounts will be processed on a weekly basis for each Support Payment Period.