Energy retail

Editor's picks

After a bruising week for the energy retail market, in which wholesale power prices hit dramatic new heights, more than 500,000 customers saw their supplier exit the market and a major price comparison website was forced to suspend its energy services, the real fear is that we have yet to see the worst. Adam John looks at where the energy retail sector goes from here.
Analysis
Ecotricity has reiterated its ambitions to take over green rival Good Energy, making a new £53 million offer for the shares it does not already own in the company. The board of the latter has described Ecotricity as an "unfit" owner.
News
Average power prices over the past two weeks have been eight times higher than the average in 2019, according to data from EnAppSys. Phil Hewitt, director of the energy market analyst, told Utility Week further supplier failures were inevitable and that retailers should be lobbying Ofgem to give them some relief from the price cap. He said many suppliers had been far too relaxed about actively trading in the intraday and advanced markets.
News

Featured

Business energy supplier Haven Power is to be rebranded as Drax as the group looks to more closely align its supply business with its generation arm.  Haven was acquired by Drax Group in 2009 and supplies more than 20,000 large industrial and commercial customers with more than 12TWh of renewable electricity annually – the equivalent yearly power use of more than 3 million homes.
News
Elexon has said it is consulting on raising the Credit Assessment Price (CAP) to a new record high of £137/MWh following continued increases in wholesale electricity prices. The current price of £113/MWh is already the highest to date and only came into effect on Wednesday (8 September) after being confirmed by the administrator of the Balancing and Settlement Code (BSC) in August. It had previously been set at £96/MW
News

Latest in Energy retail

Much has been said about the threat to customer privacy posed by smart meters or, more accurately, by unauthorised access to and inappropriate use of the data collected by the devices. Recently, the European Data Protection Supervisor warned of the dangers posed by mass data collection resulting from the deployment of smart meters without robust safeguards.
Comment
Consumer Focus chief executive Mike O'Connor talks Janet Wood through the new policy-heart of consumer protection - the Regulated Industries Unit
News
Andrew Jones says we need to ramp up electricity storage to make the UK's system more efficient and capable of accommodating renewables
Opinion
Trust is key to the smart meter rollout, and to changing behaviour. Janet Wood reports from a Utility Week round table supported by Accenture
News
Industry group Prime Alliance is battling to prevent security issues scuppering global smart meter rollouts. Michael John explains
Opinion
Excellent customer service throughout the process of arranging and carrying out a smart meter installation visit will be critical in winning public support for the rollout, says Matthew Weaver
Opinion
The show must go on, whatever the weather. Justin Pugsley finds preparation, rapid response and insurance the vital ingredients for utility resilience through winter weather
Opinion
Energy-behaviour anecdotes. In my local electrical store I have heard ­people told to look at energy efficiency ratings, and get the low-rated ones because they are cheaper. I know several people who put on appliances at night thinking they save money - although they are not on an Economy 7 tariff. And some businesses on an interruptible gas tariff found themselves unprepared when - you guessed it - the entirely predictable happened and there was an interruption.
Comment
Britain's bold and pioneering smart meter deployment will be watched - and possibly bought - by the rest of the world, says Rich Hampshire
News
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