The Quarterly Retail Energy Market Monitoring (QREMM) Report for Q2 2022 is the latest of a series of Utility Regulator reports that provide a range of information about the retail energy market in Northern Ireland.
The QREMM report presents data that we collect as part of the Retail Energy Market Monitoring (REMM) framework. REMM requires network companies and suppliers to submit data on a range of indicators to enhance our transparency around market behaviours and regulatory compliance. We use the information outlined in the report to review the progress and impact of supply competition; build knowledge for regulatory decisions; comply with EU Third Package mandatory requirements on market monitoring; allow other interested stakeholders to understand more readily the activity within our energy markets; and to help promote the interests of consumers.
This report has been published later than normal due to resource limitations in the relevant team. For this reason, the publication date of future QREMM reports may also be delayed and we will keep the website updated accordingly..
Highlights from the Q2 2022 report include:
- Overall electricity switching activity in Q2 2022 increased from the previous quarter. Domestic customers continue to engage in the market with over c25,000 domestic switches completed during Q2 2022 and a switching rate of 3.1% (increase from c24,000 in the previous quarter). In the I&C sector, electricity switching also saw an increase during the period with a switching rate of 1.1% (up from 0.8% in the previous quarter).
- In the gas sector, I&C switching activity saw an increase in the switching rate, up from 0.5% in Q1 2022 to 1.7% in Q2 2022. Domestic switching in the Greater Belfast area saw a decrease with over c700 switches completed in Q2 2022, down from c1,300 switches in Q1 2022.
Copies of all documents can be made available in large print, Braille, audio cassette and a variety of relevant minority languages if required.