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.
To tackle long-term volatility of energy prices, the government urgently needs to engage in fundamental market reform.
That is the message from senior energy retailers backing Utility Week’s Energy Reset campaign.
This major new report, produced in association with PA Consulting, highlights key areas of focus for the campaign, which ultimately aims to use the current spotlight on energy bills to push for long-term reforms that will drive affordability and decarbonisation.
It features the views of leaders at Eon, EDF, Octopus, Scottish Power and So Energy, among others, on the following topics:
- Affordability and support for the vulnerable
- The future of regulation
- What competition in energy retail means in 2022
- The need for reform of the wholesale market
- The challenge of safeguarding security of supply
Within these chapters the report gauges the views of sector leaders on replacing the price cap; tightening barriers to entry to ensure companies are putting their own money at risk; the untapped potential of energy efficiency; the need for locational pricing and the risks of a potential supply crunch, among other topics.
To see the full report and its recommendations, download it for free simply by filling in the form to the side of the page.