Ofgem

The regulator emphasises the need for the price control to support decarbonisation

They recover their allowed revenues from charges to suppliers, who in turn pass these costs to customers through their energy bills

Ofgem has launched a review, following which the regulator expects the rule to be implemented from early 2020

Ecotricity, Good Energy and Green Energy UK can charge consumers above the standard variable tariff rates limit set by Ofgem

A revised methodology to calculate the cap means customers would pay an extra £1 a week on average

Around 44,000 customers are being transferred to the Brighton-based energy supplier

The supplier’s failure to meet its obligations could have led to customers missing out on £30,000 of savings on their energy bills

They are considering ways to make regulation ‘more flexible’ so they can adapt to change more quickly

The CBI sai it is concerned the regulator is relying on an ‘outdated policy mandate’ to regulate the industry and set price controls

It will allow the company to provide developers and contractors with a full multi-utility offering across all utilities on new developments