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BEIS has claimed "new data", published in 2018, shows £1 billion has been saved in 2019 as a result of the price cap. Research from Comparethemarket.com however found the price cap to be more of a "hindrance" rather than a help.
4 years ago
The regulator has published three infographics looking at various aspects of the energy sector. The graphics contain information such as how much has been paid by DNOs for failing to meet guaranteed standards, as well as how much money suppliers have paid in support of people who need it.
Gail Scholes and Robert Bain have both been suspended from their senior roles at Robin Hood Energy and are no longer listed as directors. The challenger energy supplier has announced three new senior appointments, including former Co-op Energy chief executive David Bird, and pushed back the publication of its accounts by three months.
Both MOSL and Together Energy have made recent announcements on senior appointments to their companies. Utility Week takes a closer look at who is going where.
The introduction of the energy price cap one year ago was a game-changing moment for the sector. But, 12 months on, what tangible differences in the sector can be attributed to the cap, and what does a Conservative majority government mean for its future direction?
Pure Planet's previous directions were due to expire on 31 December. Under the terms of the direction Pure Planet will still be subject to the default price cap.
Philippe Commaret has been appointed as managing director of EDF Energy Customers. The incoming MD replaces Beatrice Bigois who becomes chief executive of EDF Trading.
Challenger supplier Breeze Energy has become the ninth energy retailer to exit the market this year. Ofgem confirmed that Breeze, which had just under 18,000 domestic customers, entered the supplier of last resort (SoLR) process hours after Utility Week revealed the company was in double credit default with code administrators Elexon.
Challenger energy supplier Breeze Energy has entered credit default. Breeze is subject to a provisional order from Ofgem after failing to make its RO payments.
Energy UK has confirmed the two big six suppliers will leave the organisation in the new year. Eon has revealed it can no longer afford the membership fees.
Energy UK has released the latest switching figures for November. They already equal 2018's record-breaking 5.8 million total with one month to spare.