Suppliers’ finances stress-tested from January, as Ofgem reacts to 2021’s slaughter

Energy retailers surviving this year’s cull of 26 suppliers to date must from January prove their financial strength to Ofgem's scrutineers, under today’s toughening...

Grand gesture needed: SP boss seeks Johnson action to solve “truly horrific” crisis

Government intervention to cut £1,000 off Britain’s soon-to-rocket home fuel bills is needed, the CEO of Scottish Power urged today. Keith Anderson toured broadcast studios...

Sunak reacts to Ofgem’s “once in 30-year event”, as cap on energy bills rockets...

The new default price cap on home energy bills will rise 54% in April to £ 1,971, regulator Ofgem announced this morning.    The...

Climate scientists: Johnson administration talking big, under-delivering on carbon transition

Britain’s path to net zero is being imperilled by the Johnson’s government’s over-reliance on long-term targets, market mechanisms, unproven new technology’, and not enough...

Kwarteng seeks to calm energy chiefs, as Price Cap’s architect calls for its overhaul

Beleaguered energy secretary Kwasi Kwarteng won the support of Britain’s power bosses today, reassuring them that vulnerable consumers would be continue to be protected,...
LNG shipments drive down UK power prices

US to source 15 Bn cubic metres of LNG for EU this year, Biden...

Russian supplier Gazprom’s grip on European gas consumers weakened further this morning as US President Joe Biden confirmed to EU Commission head Ursula van...

Bills crisis: Truss starts split of power prices from gas costs, protects oil extractors,...

The first act of Liz Truss’ government opened this morning, with the prime minister announcing her much-trailed package to ease the crisis of rocketing...

Where’s Rishi? Energy leaders seeks Chancellor’s help to stave off rocketing bills

A group representing Britain’s energy suppliers and generators today predicted bills next year will rise by between 45% and 50%, and called today for...

Paying the Bill: Energy figures react to Queen’s Speech

Reaction among energy players and commentators continued today to the Queen’s Speech proposals for energy, including on the sector’s contribution to Britain’s ever-tightening cost...

CRISIS: Every quarter given: Ofgem doubles frequency of price cap review

Ofgem today committed itself to three-monthly reviews of the default retail price cap, doubling their half-yearly frequency. The move will take effect after the...

“Worst customer service on record” from energy suppliers, Citizens Advice finds  

Standards of customer service delivered by energy suppliers have fallen to the worst in the six years since Citizens Advice began assessing them, the...

CRISIS LATEST: Colorado & Pure Planet latest to fail, as IEA spots oil following...

The continuing wholesale gas crisis has claimed its latest victims, with Ofgem today beginning its hunt to find a new provider for the quarter...

Sunak plans California holiday, as energy hikes lead ‘unprecedented’ cost of living crisis

Under-fire millionaire Chancellor Rishi Sunak was today reportedly contemplating an Easter break in California with his billionaire wife, on the morning that 54% energy...

More solar “clearly in Treasury’s interest”, say lobbyists urging price reforms

Liz Truss’ new steps to curb soaring energy prices mean expanding Britain’s installed base of solar generation makes more sense than ever, trade body...

Ofgem cushions SoLRs’ costs with £1.8 billion, as generators seek £20 billion loan to...

Britain’s power and gas retailers have reportedly convinced D-BEIS in principle to draw up a loan scheme, granting them leeway to fight a potential...

“A disaster, selling consumers down the river”; money-saver Lewis lambasts Price Cap tweak

Ofgem this morning confirmed its much flagged intention to move from half-yearly to three-monthly reviews of domestic energy tariffs, in a revamp of the...

CRISIS: SoLR expenses for failed suppliers adds £34 in DUoS charges to every bill,...

Beleaguered energy regulator Ofgem today faces fresh evidence of the costs its oversight of failed power suppliers has inflicted on consumers, in consequence of...

Energy Security bill: stakeholders offer reaction

Industry observers have reacted to the government’s new energy security bill. As the lame-duck Johnson administration enters its supposedly final weeks, the bill aims to...

MA Energy defaults from Balancing & Settlement Code

London-based business power retailer MA Energy has reportedly defaulted out of Elexon’s Balancing & Settlement Code, meaning it cannot take on further customers. Elexon’s removal...

“Tear down Government’s policy wall, and get renewables done”, REA tells Johnson

Britain’s long-term energy security depends on the Johnson government stripping out obstacles blocking green power deployment, the Renewable Energy Association is urging. In the run-up...