Independent auditors must check energy suppliers’ books – Ofgem

Ofgem is proposing new rules that include energy suppliers having their annual statements independently audited. The regulator hopes it will make information on energy company revenues, costs and profits “more robust, useful and accessible” and therefore increase consumer and business confidence that they are being reported accurately. The deadline for publishing statements will also be […]

Ofgem cracks whip on Big Six to boost competition

The UK’s largest energy firms will have to trade “fairly” with independent suppliers or face financial penalties, regulator Ofgem said today. The rule for the six biggest energy suppliers and two largest power generators will kick in from 31 March. The Big Six suppliers will also have to publish the price at which they will […]