Ofgem is altering the parameters of the Market Stabilisation Charge (MSC), which it brought in in February in response to supplier volatility.
The Industry and Regulators Committee has said the UK is likely to miss its net zero by 2050 target, as the goal has not been matched by the policies and the clarity over financial incentives needed.
Yü Energy Retail Limited has been appointed to take on the customers of collapsed suppliers Whoop Energy and Xcel Power Limited.
Two more energy suppliers have collapsed, with Whoop Energy and Xcel Power Ltd leaving 536 customers to be absorbed by the Supplier of Last Resort (SoLR) mechanism.
Ofgem has brought in two new measures to help stabilise the supplier market in the wake of the slew of supplier collapses in 2021.
The cost of energy supplier collapses over the last year has added £34.36 to domestic electricity bills for 2022-23, according to Cornwall Insight.
Tim Carter and Helen Martin from law firm Stevens & Bolton LLP take a look at the the challenges facing directors of small energy suppliers in coming months.
There are 12 suppliers in the UK that are technically insolvent and therefore at risk of collapse, according to analysis from accountants Price Bailey.
British Gas has been appointed as Supplier of Last Resort (SoLR) for collapsed company Together Energy, taking on its 176,000 domestic customers and one non-domestic.