Elexon to administer Truss’s price guarantee payments to suppliers
Energy trading platform Elexon has been appointed to administer payments to suppliers, authorised under the Truss administration's Energy Price Guarantee (EPG).
Elexon manages the Balancing...
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...
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...
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...
“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,...