Bye-bye ‘Big Six’?

How different will the energy sector be this year compared to last? After serious price rises and a lack of transparency from suppliers energy management firm Navetas has suggested they […]

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By Tom Gibson

How different will the energy sector be this year compared to last? After serious price rises and a lack of transparency from suppliers energy management firm Navetas has suggested they think this is the beginning of the end of the ‘Big Six’.

According to CEO Chris Saunders the combined effect of energy price rises, the inevitable smart meter rollout and a drive for renewable energy sources will place energy issues firmly on the agenda this year.

Mr Saunders said: “The combination of all these pressures means 2012 represents a critical juncture for the energy sector. We could see a dramatic shift away from the market dynamics that have defined the energy market since privatisation and one that sees new technologies embraced, new commercial propositions and a more consumer-friendly set up.”

Navetas has made three energy predictions for 2012:

1- Energy providers and the Government will come under increased consumer demand for clarity and transparency over their energy consumption and energy bills.

2- Energy displays and networks will become central to the smart meter roll out and could be critical in ensuring consumers are brought along on the journey.

3- New, customer-savvy entrants may join the energy market due to the lack of consumer trust in suppliers.