Ofgem’s governing body has white label energy providers in its sights.
White label providers are companies such as supermarkets who sell deals for electricity from other suppliers but do not own a licence to supply themselves. Examples include Sainsbury’s Energy’s partnership with British Gas and SSE’s with M&S Energy.
They are the fifth item on the agenda for a meeting tomorrow morning of the Gas and Electricity Markets Authority (GEMA), at 8.15am. GEMA meets 11 times a year and Ofgem’s CEO Dermot Nolan and Chairman David Gray usually attend.
Ofgem held a consultation into white label providers last year, which looked at the pros and cons of white label providers, ranging from the boost to competition they offered to whether they could “weaken” consumer protections.
The results of this consultation have not been published yet.