How we're funded
We recover our costs from energy suppliers, network operators and other authorised users via Charges. The approach we use to calculate those Charges is set out in the Smart Energy Code (SEC).
How we set our charges
We set our charges inline with the approach described in our Charging Methodology statement. We publish the Charging Methodology on our website, and review it at least once in each regulatory year in accordance with Section K of the SEC-. Publication of all charging methodologies and corresponding reviews can be found below.
We regularly publish Charging Statements which set out the charges that currently apply, and our forecast of what Charges might be in the future to help parties estimate what they may pay in future. Charges are designed to be cost reflective and non-discriminatory.
Indicative charging statements
As part of our SEC obligation we publish within the first five working days of April, July, October and January in each year, an indicative Charging Statement for the first regulatory year due to start thereafter. Those statements set out the Indicative charges for that regulatory year based on the information available to us at the month of publication.
We publish within the first five working days of April, July, October and January in each year, an Indicative Budget for the second and third regulatory years due to start thereafter. These budgets set out the indicative figures for each such regulatory year based on the information available to us at the month of publication.
Our previous charging statements
You can find all of our documents relating to charging in the Document Centre. To find them, click on the link below.