A trio of green energy firms have been granted temporary derogations from the energy price cap, allowing them to charge above the determined limit on standard variable tariffs (SVTs).
The economist behind the upcoming energy price cap has been selected by the government to chair Ofgem and take on the ‘seismic change’ underway in the UK energy sector.
Clean energy supplier Bulb has called on the government to remove the “loophole” that would exempt green energy tariffs from the looming tariff price cap.
Ofgem chief executive Dermot Nolan has warned traditional utilities that they could be made “redundant” in a future power market typified by change and new market entrants.
