Regulation

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Kwarteng insists energy safety nets have yet to be fully tested

Kwarteng insists energy safety nets have yet to be fully tested

The business and energy secretary has told MPs it is premature to discuss setting up a bad bank for customers of failed energy suppliers because existing mechanisms to deal with the problem have not been fully utilised. But, pressed on reports that the government is examining the creation of a vehicle to pick up loss-making customers which surviving retailers are reluctant to take on, Kwasi Kwarteng said the government is planning for a range of contingencies.

3 years ago

Avro and Green failures leave 835k customers for SoLR

3 years ago

On the Move: SSE Renewables appoints MD

3 years ago

‘Decade of decisions dodged’ led to energy crisis

3 years ago

Utility Week launches Energy Reset

3 years ago

BEIS eyes SOLR reforms

3 years ago

Lord Turner: The facts have changed on nuclear

3 years ago

Elexon expels two suppliers from BSC

3 years ago

British Gas appointed to take on People’s Energy customers

3 years ago

Bulb exploring options as energy crisis intensifies

3 years ago

Kwarteng to hold emergency talks with Ofgem

3 years ago

EDF takes on Utility Point customers

Ofgem has appointed EDF to take on the 220,000 customers of Utility Point, which exited the market earlier this week.

3 years ago

Ofgem urged to complete review of Scottish grid by 2022

3 years ago

‘Suppliers spent a long time ignoring spot markets’

3 years ago

Avro Energy ordered to hand over financial details

3 years ago

Green light for 15 RAPID projects

3 years ago

Ofgem confirms fourth supplier failure in a week

3 years ago

British Gas takes on customers of two failed suppliers

3 years ago

Elexon looks to hike Credit Assessment Price to £137/MWh

3 years ago

Liquidity has become ‘primary concern’ for energy suppliers

3 years ago

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