Assessing Government Energy Price Cap with Smart-meter Data
Challenging the equity of UK Energy Price Caps
In 2017, the British Government imposed a cap on prepayment energy prices in an attempt to combat fuel poverty. The maximum amounts allowed in the price caps were based on national averages, which can ignore some of the finer detail in the data. In this work, we used smart-meter data to see if any demographics are not receiving the full benefit of the price caps. The findings suggest that many economy 7 customers are not behaving typically, and may find themselves still struggling under the current price caps.
Hardy, A., Glew, D. and Gorse, C. (2018) Assessing the equity and effectiveness of the GB energy price caps using smart meter data, Energy Policy, 127, 179-185