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NewsA 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 [...]
Posts Tagged ‘Ofgem’
Ofgem fines SSE £10.5 million for mis-selling
Scottish & Southern Energy (SSE) have been found guilty of the most widespread case of mis-selling in the history of the UK utilities market. The energy giant was found guilty of cultivating an internal culture of lying and misleading customers over the phone and on the doorstep. Ofgem, the energy regulator has called it the [...]
Ofgem plans to protect more businesses
The energy regulator will protect 160,000 more businesses from sneaky supplier tactics from this summer. Ofgem are to put extra measures in place to stop electricity and gas companies from treating small and medium size businesses unfairly. Measures include plans for simpler, fairer business tariffs, an enforceable code of conduct for energy suppliers, and more [...]
FiT charges to inflate business electricity bills
Due to the Feed-in Tariff (FiT) costing more than expected, all companies that pay a business electricity bill could face extra charges. Since the 1st April, any household or business that generates their own renewable energy receives a subsidy for every unit of energy they produce. This subsidy is paid for through the bills of [...]
Ofgem Condition 7A rethinks ‘micro-business’
The industry regulator is widening the scope of its Standard License Condition 7A (SLC7A) to cover 150,000 more small businesses. Since January 2010, Condition 7A has stopped energy suppliers from using sneaky tactics designed to roll customers into expensive long-term contracts if they don’t terminate their contract in due time. The condition means that smaller [...]
Ofgem report warns of blackouts by 2015
A lack of excess electricity generation has led the energy regulator to admit there could be shortfalls in supply in the near future. A report recently published by Ofgem predicts that the UK’s spare generation capacity will drop from its currently level of 14% to 4% by 2015. Under special terms in business electricity contracts, [...]
Ofgem staff pocket £1million in bonuses
Figures show that the energy regulator has given some staff bonuses in excess of £20,000. Scandal? Fair? Or just a gravy train? The information was revealed after shadow energy secretary Caroline Flint submitted a written request in parliament. In summary: Two people received over £20,000 in 2010. 14 people received £10,000 in 2010 – 2011. [...]
How honest is your business energy broker?
There are a multitude of services that Third-party intermediaries (Tpis) offer, and varying ways they obtain clients and earn remuneration. This means that choosing the right Tpi is essential. It is now widely accepted that up to 70% of business energy procurement is facilitated by brokers and Tpis such as ourselves, but there is no [...]
‘Big six’ make small price reductions
All of the big six energy suppliers have now cut their prices, following electricity and gas price rises in the second part of 2011. All of the largest players in the energy market have now cut their standard domestic tariffs to some extent, but all of them have made reductions that amount to a fraction [...]
Ofgem wants ‘better protection for businesses’
In a press release on Monday, Ofgem proposed new measures designed to shake up the business energy market, and encourage energy suppliers and brokers to provide a better service.
