supplier of last resort

September 20, 2024

Ofgem policy update to reduce cost to consumer of supplier failures

Energy regulator Ofgem has published an update on the Supplier of Last Resort (SoLR) policy consultation to help protect consumers from fronting the cost of failed suppliers.

July 26, 2022

Ofgem branded ‘incompetent’ as BEIS select committee calls for energy efficiency and reforms

Ofgem has proved “incompetent as the regulatory authority” according to a new report from the Department of Business, Energy and Industrial Strategy (BEIS) select committee.

Origin ‘upgrades’ FY2023 energy market outlook due to strong contribution from Octopus Energy. Image: Octopus Energy.

July 12, 2022

Octopus Energy to take on UK Energy Incubator Hub’s 3,000 customers

Octopus Energy has been appointed as Supplier of Last Resort (SoLR) for supplier UK Energy Incubator Hub and will take on its 3,000 customers.

June 22, 2022

Ofgem’s approach to licensing allowed market that was vulnerable to large-scale shocks, finds NAO

Ofgem’s approach to licensing and monitoring increased the risk of supplier failures, a new report from the National Audit Office (NAO) has found.

British Gas announces "cheapest" UK EV charging prices with Hive SmartCharge service. Image: Centrica.

January 25, 2022

British Gas takes on Together Energy’s 176,600 customers following collapse

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.

Business and the energy crisis: have the measures gone far enough? Image: Pixabay NC.

January 18, 2022

Together Energy becomes first supplier to collapse in 2022 amidst continuing high power prices

Together Energy has become the first supplier to collapse in 2022, as power prices remain high.

January 17, 2022

Government must take action to avoid ‘cost of living catastrophe’ as 6.3m households face fuel stress

The number of families experiencing fuel stress is set to triple overnight when the price cap is reset, reaching 6.3 million households.

December 21, 2021

Price cap could jump 46% as consumers take on cost of supplier exits

The price cap could jump 46% for summer 2022, hitting approximately £1,865 as wholesale power prices remain high.

Half-hourly settlement periods are the gold standard for energy metering and data. Image: Getty.

December 15, 2021

Ofgem unveils stress test for suppliers after cascade of collapses

From January, energy suppliers will need to undergo financial stress testing to prove their resilience in light of the cascade of supplier collapses in recent months.

17 energy suppliers found to have weaknesses in customer practices

December 3, 2021

EDF appointed as Supplier of Last Resort for Zog Energy's customers

EDF has been appointed as Supplier of Last Resort (SoLR) for Zog Energy, the latest casualty of the energy crisis.

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