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...
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...
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...
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...
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...
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...
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 to consult in November on Price Cap reform
Britain’s energy regulator will consult in November on reform to the Price Cap mechanism regulating energy sales to 15 million UK domestic consumers.
Ofgem wrote...
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...
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...
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,...