Following their joint consultation on the future ownership of Elexon, the UK Government and Ofgem have decided that the not-for-profit will remain in industry ownership.
The UK government has revealed that OVO Energy, Scottish Power and British Gas have been responsible for over 70% of forced prepayment meter installations in 2022.
In its role as the energy regulator, Ofgem is acutely aware of the issues surrounding grid connections and is exploring several interventions to support the UK’s energy community to overcome this growing obstacle.
Ofgem has issued United Gas & Power Ltd (UGP) with a penalty fine of over £2 million after breaching numerous Standard Licence Conditions (SLCs), including deliberately overcharging customers.
Ofgem and Citizens Advice have jointly launched a national evidence-call asking energy customers to share their experiences of transitioning to a prepayment meter.
Yesterday (1 March), Ofgem published two papers consulting next steps in establishing a new flexible energy marketplace and transforming local energy systems.
In response to yesterday’s announcement, the energy sector has united in a call for stronger support for UK households struggling to pay their energy bills.
