EDF announce smallest price rise of Big Six

adminBusiness Electricity, Business Gas, Utilities Market Regulation, Wholesale Utilities Markets

The french-owned energy giant is only raising prices by an average of 3.9%, less than half that of other major suppliers. The increase will come into force from January 3, and looks like a serious attempt by the firm to actually compete with rivals. The move will affect 2.4 million households, but EDF has warned that green levies must be … Read More

British Gas and Npower announce price rises

adminBusiness Electricity, Business Gas, International, Utilities Market Regulation, Wholesale Utilities Markets

Three of the Big Six have now announced winter price increases of between 8 and 11 per cent. Npower and British Gas have joined SSE and Co-op on the list of energy companies that have already announced price hikes this winter. Both suppliers blamed the hikes on higher prices on the global energy markets, higher costs of transmission, and increases … Read More

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