Retail Market
I have been writing recently about the need for radical reform of the retail energy market, and predicted that this autumn would see more supplier failures. Today, another two energy suppliers announced their closure today: PfP Energy (formerly Places for People Energy) based in [...]
Last week I was invited to speak at the Westminster Energy, Environment & Transport Forum on the subject of smart energy markets. The transcript of my speech is below: Developing smart energy markets for suppliers and consumers - modernising entry rules, delivering smart [...]
The Government has finally announced a review of so-called “green tariffs” to assess whether suppliers are communicating appropriately with consumers, or whether they are engaging in “greenwashing”. According to the Government, 9 million British households are now on green tariffs, with over half of [...]
Last week Ofgem announced another increase to the price cap on so-called default energy tariffs, which will take effect from 1 October, the start of the winter season. This comes after a previous increase to the cap last February, and will be a blow [...]
Today Citizens Advice has published a report, Home Truths, into consumer experiences with home heating approaches including low carbon technologies and new insulation. The report draws on the calls made over the past three years to its Consumer Service from people who needed help [...]
I posted earlier about the difficult conditions facing energy suppliers in the GB market, and repeated my long-held vies that suppliers should be allowed to focus on energy supply and be released from their tax-collection activities. However, in the absence of such a move [...]
Many industries have been hit hard by the covid-19 crisis, including the energy sector, but energy supply businesses were in trouble even before the novel coronavirus struck. This year another five suppliers have disappeared - Tonik Energy, Gnergy and Effortless Energy all folded while, [...]
As we all enter the second week of the covid-19 lockdown, what is the impact of the crisis on the gas and electricity sectors?Retail markets: changing usage patterns and an increase in consumer vulnerabilityMore consumers are now vulnerableOne of the more urgent aspects of the [...]
While energy news has been dominated by talk of last week’s blackout, there have been some important developments in the retail space which are worth highlighting, and which underline the need for a new direction in retail energy regulation. Earlier this month Ofgem announced [...]
The need for reform of the retail energy market is increasingly clear – the past week has seen the failure of another new entrant supplier, bringing the total number of failures in since the beginning of 2018 to 17*. At the same time, suppliers [...]