Electricity retail

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Ofgem approves third-party financing for SoLR costs

Ofgem has approved license modifications which will allow the costs of Last Resort Supply Payments (LRSPs) to be financed by third parties and spread out over a longer period. The plans were initially announced in a consultation published at the end of 2021 in which Ofgem explored ways to reduce the impact of multiple LRSPs on energy bills following last year’s numerous supplier failures.

3 years ago

‘Belt and braces’ switching service prepares to launch

3 years ago

Energy UK warns industry cannot absorb crisis costs

3 years ago

Ofgem to issue market-wide derogation for retention tariffs

3 years ago

Monthly PPM bills forecast to peak at £428 next winter

3 years ago

Minor recovery for switching in February

3 years ago

Cross-industry consortium needed to make flexible grid

3 years ago

British Gas ranked as worst supplier of last resort

3 years ago

More suppliers may go bust next winter, MPs warned

3 years ago

Half of all energy meters are smart

3 years ago

Centrica boss calls for greater protection for credit balances

3 years ago

Ukraine crisis could push 2m households into fuel poverty

3 years ago

Energy suppliers ‘must up their game’ on customer service

3 years ago

Ombudsman says smart meter complaints are on the rise

3 years ago

Centrica cuts ties with Gazprom following Ukraine invasion

3 years ago

Concerns raised over legal challenge on supplier failures

3 years ago

Ovo appoints new retail chief executive

3 years ago

Weekend press: Energy firms ‘chasing customers to pay more than they can afford’

In our latest round-up of stories from the national press, concerns are raised about energy companies adopting “increasingly aggressive" debt collection practices, foreign secretary Liz Truss says she backs energy sanctions against Russia and Thames Water will reward home developers if they commit to reducing water use in their properties.

3 years ago

Average fuel poverty gap projected to rise by £25 in 2022

3 years ago

Ukraine crisis could see price cap exceed £3,000 in October

3 years ago