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Ofgem launches consultation on price cap future

by News Editor | May 30, 2019 | Economy, Energy UK, News, Ofgem

Ofgem has today (29 May) launched a consultation on its proposed framework for assessing whether market conditions facilitate “effective competition”, in order for it to make a recommendation on the future of the price cap. The regulator says that in the context of...

Ofgem chairman visits SGN’s Help to Heat project

by News Editor | Apr 12, 2019 | Energy UK, Gas, Ofgem, SGN

Ofgem chairman Martin Cave, along with colleagues from the energy regulator, has visited SGN’s latest Help to Heat project in Littlehampton. Cave (picturd) was given the opportunity to see how SGN is helping residents heat their homes for less by connecting them...

Ofgem’s revised price cap comes into effect

by News Editor | Apr 2, 2019 | Economy, Electricity, News, Ofgem

Ofgem’s revised price cap on standard variable and default tariffs comes into effect today (1 April). The energy regulator, which announced the changes in February, has raised the level of the cap to £1,254 – an increase of £117. The price cap for pre-payment meter...

Energy UK responds to Ofgem’s price cap announcement

by News Editor | Feb 14, 2019 | Economy, Energy UK, News, Ofgem

Responding to Ofgem’s announcement that it is raising the level of the default price cap by £117 for an average household, Energy UK’s chief executive Lawrence Slade said:   “Nobody takes the decision to increase prices lightly, but Ofgem’s announcement today...

Industry voices give mixed reaction to Ofgem price cap rise

by News Editor | Feb 8, 2019 | Economy, Energy UK, Environment, News, Ofgem

Industry voices have given a mixed reaction to Ofgem’s announcement that it is to raise the default price cap on standard variable tariffs (SVTs) by £117 to £1,254 a year. The price cap for pre-payment meter customers will increase by £106 to £1,242 a year for the...

Around 300 customers ‘slipped through Ofgem’s safety net’

by News Editor | Feb 7, 2019 | Energy UK, Environment, News, Ofgem

Around 300 customers of defaulting energy providers have effectively slipped through Ofgem’s safety net after the supplier of last resort (SoLR) process was not invoked. Industry sources told Utility Week they had identified the “supplier-less” customers of companies...
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