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Energy retail market ‘overly focused on the short term’

Energy retail market ‘overly focused on the short term’

The make-up of the price cap is leading energy suppliers to be “overly focused on the short-term”, which is preventing consumers from being offered longer-term benefits. The government has warned that the cap’s current model “could act as barrier to innovation”, in a series of documents published by the Department for Energy Security and Net Zero which outline the government’s plans to strengthen the energy retail market. The main document, which outlines the government’s overall strategy, stresses the need to strike the right balance between competition and regulation.

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Weekend Press: British Gas poised for record profits

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Reforms for Ofgem and Ofwat laid out

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‘Significant issues’ with government’s major energy schemes

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Ministers urged to announce winter support measures now

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Fuel poverty is no longer a niche problem in UK

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Ex British Gas CEO: Be bold to help vulnerable customers

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Ministers urged to give fuel poor £1k this winter

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Shapps has ‘moral duty’ to explain hydrogen stance

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Bullen backs tech to control ‘unwise’ customer spending

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Demand concerns over industry bills reforms

Government proposals to remove green levies from energy intensive businesses could lead to an unintentional rise in peak time demand, Energy UK has warned. While generally supportive of the government’s Industry Supercharger proposals, Energy UK has called for an impact analysis to be carried out to “avoid unintended consequences”.

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Local wholesale pricing is ‘essential’, insists ESO

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Looking back to the future

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Government casts doubt on future of hydrogen village trials

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Unlimited fines for CSO spills confirmed

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Hands-off approach to energy transition is ‘unrealistic’

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ESO calls for faster decision on future of heat

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Time to end the binary debate about utilities ownership

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Steering Ofgem

2 years ago

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