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Energy Reset

Utility Week's latest campaign sets out a vision for reforming the energy retail market.

Editor's picks

From rebates to real reform: The case for an Energy Reset
Leading energy retailers have set out their arguments for reform of the market, as part of Utility Week’s Energy Reset campaign. Eon, EDF, Octopus, Scottish Power and So Energy, among others, share their recommendations for overhauling energy efficiency, reshaping the price cap, protecting competition while ensuring no-one has a “free bet” and making the wholesale market fit for a green grid.
News
Eon: ‘Tread carefully’ on wholesale market reform
Eon UK chief executive Michael Lewis has told Utility Week he backs reform of the wholesale electricity market but has warned "designing a system that works well, keeps the light on, incentivises people to build and maintain plants is not straightforward".
News
Be part of the debate at the new Utility Week Forum
Utility Week is poised to launch a new flagship event that will take a fresh approach to debating the competing objectives of affordability, sustainability and resilience. Hear from the leaders of Eon, Ofwat, UK Power Networks, and Yorkshire Water as well as some new voices joining the debate.
Market insight

Latest in Energy Reset

Reform like a Formula-1 Racing Team
As millions of households face financial uncertainty due to the energy crisis, PA Consulting’s Amy Marshall and Liz Parminter believe there is a clear case for long-term reform. Maintaining affordability and protecting security of supply will be key. To achieve this, Marshall outlines a long-term “race plan” for extensive changes to the sector.
Opinion
Government must invest in an exit strategy from bills support
The scale of the government's £15 billion cost of living support package took the energy sector by surprise and has been warmly welcomed as a meaningful intervention to help billpayers this winter. But, as experts tell David Blackman, policymakers now face the challenge of finding more sustainable, long-term solutions to the cost of living crisis.
Analysis
Energy Reset: Creating sustainable businesses and prices
A major new report proposes key reforms to enable the energy retail market to deliver for customers and net zero. It examines where action can be taken now on easing affordability pressures, evolving regulation and wholesale markets and ensuring a healthy, competitive energy retail market.
Downloads
Retail market reform not essential for heat-as-a-service model
A trial of heat-as-a-service in the form of the warm homes prescription pilot, run by the Energy Systems Catapult (ESC), has shown that it is possible for suppliers to offer energy as a service under current market rules, one of the designers of the scheme has said.
News
Poorest will benefit most from chancellor’s financial aid
Twice as much of the £15 billion cost-of-living support package, announced by Rishi Sunak on Thursday (26 May), will go to the poorer half of households than the richest 50%, analysis of the measures has shown. The Resolution Foundation think tank said households in the lower half of the income distribution scale will benefit from two thirds of the additional support awarded by the chancellor of the exchequer.
News
Support package is welcome but lacks efficiency measures
The £15 billion support package unveiled by the chancellor has been broadly welcomed by the energy industry, but concerns have been raised about the lack of energy efficiency measures included. Speaking to Utility Week, Energy UK deputy director Dhara Vyas said the trade body was “really pleased” the government has responded to calls from the sector and from consumer groups, but said there are some areas where ministers could have gone further.
News
Sunak targets low-income households with £15bn crisis package
Rishi Sunak has targeted help at low-income households in his emergency support package while warning electricity generators that he is “evaluating” steps to take in response to the sector’s “extraordinary profits”. In his statement on the cost-of-living crisis, delivered to the House of Commons on Thursday (26 May), the chancellor of the exchequer unveiled £15 billion of assistance to help people cope with spiralling gas and electricity prices, including a doubling of the planned discount on energy bills in October, which households will no longer be required to repay.
News
Price cap would be £675 higher without past efficiency gains
The most recent price cap on energy bills would have been £675 higher without the energy efficiency improvements undertaken over the last several decades, according to analysis by Eon. A senior figure at the company cited the number at a recent meeting of the All Party Parliamentary Group on Energy Costs as he sought to highlight the benefits of further support for energy efficiency measures, which he described as a "silver bullet" for the current crisis.
News
Kwarteng uneasy over extending windfall tax to low-carbon generators
Extending the mooted energy windfall tax to electricity generation plants would be a “challenging proposition”, business and energy secretary of state Kwasi Kwarteng has told MPs. His comments follow reports that the Treasury is exploring moves to extend any one-off tax on windfall profits from gas and oil producers to electricity generators as well.
News
Brearley: Price cap on track to rise to £2,800 in October
Ofgem boss Jonathan Brearley has told MPs the regulator expects the price cap to increase by more than £800 this October as the war in Ukraine continues to exacerbate the energy crisis. Appearing before the Business, Energy and Industrial Strategy Committee on Tuesday (24 May), both Brearley and former Ofgem chief executive Dermot Nolan apologised for not intervening in the retail market sooner to prevent widespread supplier failures.
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