suppliers

Business and Energy Secretary Grant Shapps has called on energy suppliers to stop force fitting prepayment meters with many doing “nowhere near enough” to support vulnerable customers.

​OVO has reportedly made an eleventh hour bid to buy nationalised energy supplier Bulb.

​Elexon has launched a consultation on an urgent modification needed to implement and administer payment to suppliers as part of the Government’s Energy Price Guarantee.

Amid worsening wholesale energy prices, the financial position of the UK domestic electricity and gas supplier sector is worsening with 60% of remaining smaller energy suppliers “technically insolvent”, says accountancy firm Price Bailey.

​Suppliers will administer the £400 discount to consumers over six months starting from October.

​Ofgem has told five suppliers they need to take immediate action after moderate or severe weaknesses were found in their direct debit processes.

​Without reform of the market, the UK will miss its 2035 electricity decarbonisation target according to a new report from centre-right think tank Onward.

​Smart meter installations increased by 11% in May 2022 compared to the month prior – with 207,000 installations across GB.