Energy watchdog Ofgem has confirmed Dermot Nolan as the new Chief Executive who will take on the role from March next year. He has been a Commissioner at the Commission for Energy Regulation (CER) in Ireland since 2008 and its Chair since May 2011. CER is responsible for energy and energy safety regulation and the […]

The outgoing boss of Ofgem is set to take on another to energy role at KPMG. When Ofgem chief executive Alistair Buchanan hangs up his hat at the regulator later this year, he will go on to be Chairman of the Big Four accountancy firm’s Power & Utilities practice. After 10 years at the helm […]

The lights are flickering… Comments made by Alistair Buchanan, the outgoing chief executive of Ofgem, have been all over the press this week. “We are in a near crisis situation,” he has said in interviews and a speech he gave on Wednesday, talking about our energy supply. I’ll say one thing about working in the […]

Tough new standards for energy suppliers to make the market “simpler and fairer” for consumers will come into effect this summer. Energy watchdog Ofgem is counting down to delivering a clearer energy market by capping on tariff numbers provided by suppliers and are calling on for their support. Under the new measures, suppliers will be […]

Things are going to get ever more “tight” for consumers both for energy prices and energy supply, the boss of regulator Ofgem warned today. Alistair Buchanan believes that with coal plants being ditched to fall in line with EU rules and the “financial tsunami” in 2008 delaying investment in renewable and nuclear energy, the country […]

Ofgem believes the Government’s new proposals for energy prices will stop consumers being “bamboozled” by complex tariffs. The energy regulator made the comment following DECC’s plans for suppliers to limit to four main tariffs per fuel type and offer consumers their lowest prices. Last month the watchdog announced plans for a “simpler, clearer and fairer” […]

Energy watchdog Ofgem has today published its plans for a “simpler, clearer and fairer” energy market for UK consumers. The move follows the recent hikes in gas and electricity prices and debate around Prime Minister David Cameron’s announcement about energy suppliers having to offer their lowest tariffs to customers. Under Ofgem’s new proposals, suppliers must […]

The UK risks facing blackouts in 2015 on top of higher electricity bills because it is running out of energy generating capacity in the next four years. The warning from Ofgem is part of new analysis which predicts the highest risk of electricity shortfall would be in 2015/16. The regulator forecasts the amount of spare generation capacity, […]

Big Six supplier SSE has announced it will offer all of its customers an ‘energy review’ to ensure they are on the right tariff. The Annual Energy Review (AER) follows a successful pilot by the company and is one of ten transparency measures being introduced to improve customer relations. Some of the firm’s other plans […]

Ofgem wants energy suppliers to make their accounts more transparent, it said yesterday. The watchdog’s latest report recommends that energy firms should simplify how they publish their financial information. The call comes as energy suppliers face increasing pressure from the public and consumer bodies to show they are not “profiteering” from unreasonably high bills. Several […]