Electricity retail

Ofgem looks to raise price cap allowance for wholesale risk

Avro had ‘no external funding or hedging facility’

Minister rejects call to cut VAT on energy bills

Government and Ofgem need new vision for retail market

Plans to shift policy costs off electricity bills ‘too slow’

Ofgem announces double supplier failure

Monthly electricity switches drop to lowest level since 2012

Weekend press round-up: Third of remaining suppliers at risk of collapse

In the latest round-up of the weekend’s industry news there is a report in The Telegraph that a third of the UK’s remaining energy suppliers are at “imminent risk” of collapse. Elsewhere the government is accused of sending out bad advice on energy bills. Meanwhile, businesses give their verdict on the COP26 deal.

Energy crisis will take retail market to ‘a better place’

The recent turmoil caused by the global spike in gas prices will ultimately be “hugely beneficial” for the energy retail market, an industry analyst has claimed. Martin Young, senior analyst at Investec, said the crisis, which has contributed to the failure of more than 20 suppliers so far this year, should “hopefully mark the end of this insane desire for switching for switching’s sake.”

Five suppliers ordered to pay into FIT scheme

Energy suppliers need clarity on benefit reduction scheme

Young energy professionals lack confidence in UK’s net zero strategy

RO mutualisation triggered for fourth consecutive year

Elexon to expel two more suppliers from BSC

Utility Warehouse agrees to pay £1.5m over customer failings