Orbit Energy heads Ofgem’s hunt for unpaid FiT levies
Ofgem has issued five suppliers with provisional orders compelling them to pay a total of £575,000 now for Feed-in Tariff (FiT) payments outstanding since...
Ofgem’s five elements to reform the Price Cap
Britain’s power regulator this morning opened as promised a month of consultations on how to overhaul the retail price cap, after weeks of its...
Bulb’s collapse pushes energy crisis’ UK victims beyond 3.5 million
Today’s collapse of renewables-only energy supplier Bulb with 1.7 million customers – praised by prime minister Johnson as recently as July as “ leading...
Supply crisis: Brearley hints at tougher rules on retailers’ financial strength
Reforms to avoid a repeat of this year’s cull of two dozen energy suppliers must require licencees to prove greater financial resilience, Ofgem’s chief...
London Mayor to offer grants up to £20k to insulate 3,200 fuel-poor homes
London Mayor Sadiq Khan is assembling a £51 million pot aimed at insulating the capital’s fuel-poor and leaky homes. Grants of up to £20,000...
Ofgem’s ’decade of lax oversight’ leaves consumers on hook for billions, Citizens Advice charges
Britain's energy regulator failed to act against unfit energy suppliers for nearly a decade, leaving the market vulnerable to this year’s spike in wholesale...
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...
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...
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...
Gas crisis: Energy companies float CfD variant as solution
Energy suppliers are asking the government to launch a variant on contracts for difference (CfDs) as a way of spreading the rocketing costs of...
Crisis latest: Windfall tax on oil majors, say Labour: Keep Net Zero measures & tax carbon,...
The ‘temporary’ energy price crisis of suspected No.10 party-attender and beleaguered premier Johnson has ground on into its fourth month, with an appeal from...
Crisis: Gas hike set to outlast “temporary” Johnson, as Centrica and Ovo moot green respite
Britain’s head of government, confessed attender at a No 10 lockdown party and late apologist for insulting the conscientious, suffered further humiliation today, as...
Ovo “to cut 1,700 jobs” amid crisis
Ovo Energy is reportedly contemplating cutting up to a quarter of its workforce, as the world’s accelerating wholesale gas crisis bites into its biggest...
Cornwall Insight: Overhaul market design to boost sensitivities between wholesale and retail
Root and branch reform of UK wholesale and retail energy markets is needed to avoid repeats of impending market failures threatening to pitch millions...
Crisis latest: Kwarteng stands by price cap, downplays government relief on bills before March
Energy secretary Kwasi Kwarteng today re-stated his commitment to a continuation of the default price cap, urging energy customers and retailers to bide their...
Renewables-supporting Brits reject scrapping ‘green taxes’ to fend off price hikes
A poll of 2,000 Britons released today gives the lie to beliefs propagated by MPs and newspapers on the Conservative right that the public...
Crisis: Without market redesign, expensive gas could ‘continue beyond 2030’, Cornwall predicts
Respected energy analysts Cornwall Insight today found themselves at odds with Britain’s embroiled prime minister, as they revealed research predicting that volatile gas prices...
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...
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...
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...