SSE freezes domestic prices until 2016

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

The freeze will affect 5 million UK households, and will be financed by £100m of cost-cutting measures, including 500 job losses. The UK’s second-largest electricity and gas supplier, Scottish & Southern Energy, has announced the domestic energy sector’s longest ever ‘unconditional price promise’ at 26 months, having last raised its prices in November 2013. The company says the move will … Read More

Tory MP wants competitive utility markets

adminBusiness Electricity, Business Gas, Business Telecoms, Utilities Market Regulation

A senior Conservative MP has this week launched a major policy intervention, suggesting radical changes to the utilities regulators. The document was released on Monday, suggesting that draconian utility regulators like Ofgem and Ofcom should have their responsibilities for the competitive sections of the market taken away. This should be replaced with a more reactive style of regulation, by the … Read More