Energy Regulations

12 June

Ofgem reveals plans to make energy market a more level playing field

Ofgem has unveiled its plans to make the electricity market a much more level playing field. The energy regulator is looking to break the monopoly the 'Big Six' energy providers hold on the market by increasing the level of competition with a series of regulation changes. The regulator will also require the two largest UK ...

10 June

Ed Davey wants the Government to reward community energy schemes more

Energy secretary Ed Davey has suggested the Government will look into more ways of supporting local energy projects. His announcement comes in light of a new study from Databuild Research and Solutions, which claims more and more people are joining community schemes in the hope of driving down energy bills in their area. The research ...

07 June

Ofgem granted more power over energy firms under new REMIT legislation

Ofgem is set to be given a number of new powers as the Government looks to tackle market manipulation in the energy industry. The energy regulator will be able to impose unlimited fines on firms found guilty of attempting to manipulate the market. It will also be given the power to inspect premises and seize ...

20 May

Ed Davey: 84% of energy consumers may be missing out on best deals

The Government is looking to encourage more people to switch to different energy providers in order to cut down on energy bills and save money. According to energy secretary, Ed Davey, switching energy suppliers could save UK homes as much as £158 a year: However, 84%  of households have failed to capitalise on such opportunities, ...

20 May

Ofgem can soon force energy firms to compensate victims of mis-selling

New powers will be handed to Ofgem in order to force energy giants to compensate any customers who have fallen foul to miss-selling. The UK energy regulator will be granted the extra powers to compensate consumers duped by rogue selling as well as fining any power supplier found guilty of such illicit practices. At present ...

15 May

Centrica chairman raises concerns on the future of UK energy supplies

The president of the Confederation of Business Industry has warned the UK faces the genuine threat of lights going out, unless energy policy needs are resolved soon. Sir Roger Carr, who is also the chairman of British Gas owner Centrica, suggested energy firms may struggle to meet the country's energy demands if a resolution is ...