energy suppliers

Business and Energy Secretary Grant Shapps has called on energy suppliers to stop force fitting prepayment meters with many doing “nowhere near enough” to support vulnerable customers.

The energy crisis could expose energy suppliers to around £1.9 billion of debt, much of which would be unrecoverable, according to a new report ​from Cornwall Insight and Complete Strategy.

​The Labour Party has announced plans for a new, publicly owned energy company, dubbed Great British Energy.

Ofgem has found that the majority of energy suppliers have minor, moderate or severe weaknesses in their current practices towards customers.

Amid worsening wholesale energy prices, the financial position of the UK domestic electricity and gas supplier sector is worsening with 60% of remaining smaller energy suppliers “technically insolvent”, says accountancy firm Price Bailey.

The number of smart meters installed in GB in 2022 has passed one million, bringing the total to 1.18 million, according to ElectraLink.

​OVO Energy has appointed Alex Doorey as VP of corporate affairs, with Doorey to be responsible for public affairs, policy, media relations and sustainability.

​Smart meter installations increased by 11% in May 2022 compared to the month prior – with 207,000 installations across GB.

​The UK government has launched a consultation on expanding the Warm Home Discount in Scotland while enabling more energy suppliers to take part.

​Following Ofgem redistributing the £58,375,203 Renewables Obligation (RO) late payment fund in December to energy suppliers, a further £384,278.28 has been recovered by the regulator.