Ofgem ramp up price reporting

Ofgem will increase the number of reports it makes on the relationship between retail and wholesale prices from once every three to four months towards once a week in the […]

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By Tom Gibson

Ofgem will increase the number of reports it makes on the relationship between retail and wholesale prices from once every three to four months towards once a week in the New Year.

The regulator will now show regular updates of costs and profit graphs on their website. A spokesperson told ELN that the move would help increase transparency over energy provider’s earnings, “The new website will make it easier for people to access information.”

Ofgem’s latest Supply Market Report shows that the average net margin on a standard tariff dual fuel customer has fallen from £125 to £105. Their analysis suggests the average duel fuel net margin could stabilise at around £85 over the next six months.

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