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The news comes as the regulator faces mounting pressure to reconsider its position, with Aurora Energy Research warning the changes could set back the progress of renewables by up to five years.
5 years ago
Carbon prices for electricity generation should more than treble by 2050 and VAT rates on
Ofgem has announced it is to consult on the conditions required for the regulator to make a recommendation on the future of the price cap "in the next few weeks".
Loyalty in the energy sector has never been a given. According to new Populus research,
Providing energy is one thing, creating a sustainable business able to withstand today’s volatile and
British Gas owner Centrica has been granted a judicial review into how Ofgem calculates wholesale costs for its default price cap.
Statistics published by the Powerful Women initiative have found the progress of getting more women represented on company boards has been “disappointingly slow”.
Citizens Advice is calling on industry regulator Ofgem to use its forthcoming vulnerability strategy to set out how it will better support those customers who fall behind on their energy bills.
Trade associations representing the smart power industry have written a joint letter to finance secretary Mel Stride and Energy Minister Claire Perry calling for proposals to raise VAT on certain solar products to be scrapped.
Two years ago the government introduced a policy to make it easier to switch provider,
Npower saw 103,000 customers depart in the first three months of the year and reported losses before interest and tax of €45 million (£39 million).
The benefits of decentralised energy are not being fully realised due to key barriers such