Ofgem drafts code of practice for TPIs

adminUtilities Market Regulation

The energy regulator has posted a first draft document outlining what rules and regulations could go into its Third-party intermediary (TPI) code of practice. The code, if it ever comes into existence, will aim to keep brokers acting in a way that is “fair, honest, appropriate and transparent”, the document states. We reported on this some weeks ago, when Ofgem … Read More

All of the Big Six end auto-rollover contracts

adminBusiness Electricity, Business Gas, Utilities Market Regulation

None of the six major energy suppliers will continue to roll business customers into new contracts without their explicit consent. The “Big Six” all promised to stop the tactic, although they are essentially only pre-empting new rules being put in place by Ofgem, the energy regulator, as part of their ongoing Retail Market Review. We recently reported that three of … Read More

Is public opinion on shale gas changing?

adminBusiness Gas, Utilities Market Regulation, Wholesale Utilities Markets

Shale gas is an environmental and political hot potato. This article studies how the country’s feelings towards shale gas have evolved. It’s probably the hottest topic in energy at the moment – ‘fracking’ for shale gas. As with any new source of energy, it has drawn protests from hard left groups at exploratory drilling sites and the HQ of energy … Read More

Labour slams Big Six profits

adminBusiness Electricity, Business Gas, Utilities Market Regulation

Figures released by the Labour party last week show that the largest energy suppliers have notched up £3.3 billion in profits since the Conservative-led Coalition came into power. The combined profits of E.ON, EDF Energy, ScottishPower, British Gas, Scottish & Southern and Npower have gone up 73% in the last three years, according to Shadow Energy And Climate Change Secretary … Read More

Energy regulator considers TPI code of practice

adminUtilities Market Regulation

The energy regulator, Ofgem, is considering new ways to monitor Third-Party Intermediaries (TPIs) in the business retail market. As part of its Retail Market Review, the energy regulator Ofgem is looking at ways to rid the business energy market of ‘rogue TPIs’. There is currently no mandatory form of regulation for energy brokers, consultants and switching websites that serve the … Read More

Wind farms continue to get massive subsidies

adminBusiness Electricity, Utilities Market Regulation, Wholesale Utilities Markets

Ministers increase “strike price” paid to onshore and offshore wind farms for each megawatt-hour of electricity they generate. Onshore and offshore wind farms are to receive subsidies on the energy they generate of at least £100 and £155 per megawatt-hour (MWh) respectively, with the going rate for electricity currently at around £50/MWh. The subsidy will be in place for the … Read More