SO Energy

On the 1 January 2024 the Default Tariff Price Cap was set at £1,928, leaving households paying almost double pre-energy crisis levels for their energy bills.

Ofgem's CEO has written to energy suppliers warning that they must “act in the interests of customers” instead of dividends.

Citizens Advice has called on the UK government to establish a social tariff by 2024 to support households struggling with energy bills over the next decade.

So Energy has revealed it is no longer exploring additional funding options, citing a fall in future wholesale prices, continued governmental support and ESB backing as a means of becoming more financially sound moving into 2023.

All 17 energy suppliers need to do more to support “customers in a vulnerable situation” Ofgem has revealed as part of a Market Compliance Review.

​So Energy is looking to raise £50 million in capital as the energy sector remains volatile.

Ofgem has announced today (26 August) it will increase the energy price cap to £3,549 per year for dual fuel for an average household once in effect from 1 October 2022.

So Energy is calling on the government to immediately increase the support available for customers to help the nation pay for a “once in a generation energy bill”.

​Ofgem has brought in two new measures to help stabilise the supplier market in the wake of the slew of supplier collapses in 2021.

​ESB Energy has taken a 75% stake in challenger energy supplier So Energy, with the two businesses to merge under the latter’s brand.