The Quarterly Retail Energy Market Monitoring (QREMM) Report for Q4 2021 is the latest of a series of Utility Regulator reports that provide a range of information about the retail energy market in Northern Ireland. This report was previously known as the Quarterly Transparency Report (QTR).
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.
Highlights from the Q4 2021 report include:
- Overall electricity switching activity in Q4 2021 increased from the previous quarter.
- Domestic customers continue to engage in the electricity market with over 39,900 domestic switches completed during Q4 2021 and a switching rate of 4.8% (an increase from 4.0% in the previous quarter).
- In the Industrial and Commercial (I&C) sector, electricity switching also saw an increase during the period with a switching rate of 4.6% (up from 1.5% in the previous quarter), with over 3,400 switches completed.
- In the gas sector, I&C switching activity saw an increase in the switching rate, up from 0.4% for Q3 2021 to 0.8% in Q4 2021. Domestic switching in the Greater Belfast area saw an increase with 702 switches completed in Q4 2021, up from 155 switches in Q3 2021.
Copies of all documents can be made available in large print, Braille, audio cassette and a variety of relevant minority languages if required.