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In December 2010, the Government introduced plans to reform the electricity market. [4] The Electricity Market Reform (EMR) introduced both a capacity market to incentivise reliable generation and Contracts for Difference to provide revenue certainty to developers investing in low carbon and renewable energy, but at a lower cost that the Renewables Obligation.
MSP kWh is the amount of electricity consumed at the 'meter supply point', which is the customer's meter. GSP kWh is obtained by multiplying the MSP kWh by the Line Loss Factor (LLF, a figure > 1) to include the amount of electricity lost when it is conducted through the distribution network, from the 'grid supply point' to the customer's meter.
A power box (USA) or feeder pillar (UK) is a cabinet for electrical equipment, mounted in the street and controlling the electrical supply to a number of houses in a neighborhood. A power box is simply a layman's term for a transformer , cutout enclosure, or other enclosure used in conjunction with underground electrical distribution.
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In December 2015, the company was ordered to pay a £26m settlement by the energy regulator, Ofgem, for "failing to treat customers fairly", the second such fine Ofgem has imposed on it. [43] In November 2019, Npower announced that it will cut up to 4,500 jobs in the United Kingdom , to make the company more profitable.
Commissioning of the UK's first 350 MW turbo-alternator at Drakelow C and Blyth B power stations, only two units at each station were this size. [5] 1966 Commissioning of the 580 MW Sizewell A nuclear power station in Suffolk. [5] Commissioning of the UK's first 500 MW turbo-alternator at Ferrybridge C power station. [15]
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This came into force from 1 January 2019. At its initial level, the cost of electricity for those on default tariffs was capped at 17p per kWh, and gas was capped at 4p per kWh. Dual fuel users would pay no more than £177 a year for the standing charge, electricity-only users would pay no more than £83, and gas users £94. [52]