a gas and electricity industry jargon buster
Often the Britsh Gas industry jargon can be confusing. To help you we have developed a gas and electricity industry jargon buster with the glossary below.
1. Ofgem – an official body, the Office of Gas and Electricity Markets This is the independent regulator of the gas and electricity industries in the U.K.
2. Energywatch, a government funded body which acts on behalf of the consumer. Its role is as an independent watchdog for the gas and electricity industry.
3. Standing Charge – Some companies have this but now many do not. A fixed daily charge for the supply of energy, irrespective of your level of consumption supposedly in respect of the rent and maintenance of your meter.
4. KWh (kilowatt hour) – The standard unit of measurement of energy and hence for both gas and electricity consumption.
5. MPRN (Gas Meter Point Reference Number) – Your MPRN is the unique identifying number for the gas meter at your property. It relates to the meter not to you. It’s on your gas bill and should be a ten digit number.
6. Dual Fuel – An energy package offered by most energy suppliers to provide both gas and electricity. This means that you receive gas and electricity from the same supplier and should benefit from lower administration costs and hence a lower tariff.
7. MPAN (Electricity Supply Number) – Your MPAN is the unique identifying number for the electricity meter at your property, it relates to the meter and not to you. The MPAN is commonly referred to as a “Supply Number” or “S” number. It should be seen on your electricity bill.
8. Economy 7 – a lower cost electricity tariff where the night rate is cheaper than the day rate.
9. Green Tariff – A response to consumer demands and based on the purchase or generation of energy from renewable energy sources such as sun, wind and the tides.
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