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...
“Scrap the price cap”, urges Scottish Power’s boss
The boss of a major UK energy generator-retailer has called for the scrapping of Ofgem’s price cap on domestic power bills.
Interviewed by the BBC,...
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...
Upgrade already needed for Johnson’s April boiler upgrade scheme, installers report
Response continues to run cold to the government’s £450 million drive to upgrade boilers to biomass working in Britain’s homes or install heat pumps,...
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...
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...
Energy ministers silent and absent, as Ofgem raises price cap to £3,549 from October
As widely predicted three months ago, regulator Ofgem today confirmed a 80% rise in the increasingly discredited retail price ‘cap’, with average annual household...
Ofgem director Farnish quits over price cap calculation
Beleaguered energy regulator Ofgem faced further pressure this morning, with news that Christine Farnish, a non-executive director sitting on its supervisory board GEMA, has...
Crisis: Scrapping green levies “saves only £13 a month” says REA, as government consults...
Removing the ‘green levies’ element in gas and electric bills will save average home consumers no more than £153 per year, the Renewable Energy...
Price cap torture “set to worsen”: Cornwall ups forecasts for Q1 next year to...
The excruciating pain already showing itself in Britain’s homes from now quarterly rises in Ofgem’s price cap on home energy, is set to increase,...
Quarterly price caps from Ofgem open door to more frequent tariff changes
The retail price cap supposedly limiting bills for an estimated 24 million domestic customers will be revised quarterly, and no longer every six months,...
“Devastating” Cornwall view: Price cap “to stay above £3,000 until at least 2024”
Two continuing years of unprecedented consumer misery from fuel bills are predicted in latest research from analysts Cornwall Insight.
The respected energy economists this morning...
MPs eviscerate Ofgem’s failed oversight of 29 supplier collapses
Britain’s energy market regulator was for years asleep at the wheel as it allowed under-capitalised new suppliers unsustainably to break the Big Six’s dominance...
Twelve suppliers run direct debits on ‘weak or inadequate’ rules, regulator finds
Ofgem has found failings in how major licenced energy suppliers charge customers via their direct debits. It has ordered five of the worst -...
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,...
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...
DNOs react to Ofgem’s RIIO-ED2 direction
Regional network monopolies are girding their loins for the last leg of negotiations with Britain’s power regulator, before it binds them in December to...
Ofgem’s £21 billion RIIO-ED2 gauntlet squeezes DNOs with ‘tough efficiency challenges”
Britain’s energy regulator is seeking stakeholder views on investments plans totalling £20.9 billion which will shape the nation’s electricity network until 2028.
Before making its...