Watchdog welcomes Ofgem pricing overhaul

Energy watchdog Consumer Focus welcomed Ofgem’s plans to put the big six utility suppliers “on a very short leash”. Chief executive Mike O’Connor said: “We welcome this explicit statement that the energy market is fundamentally failing consumers and that comprehensive and determined action is necessary to set it on the straight and narrow.” He added […]

Ofgem to break stranglehold of Big Six

Ofgem today unveiled sweeping proposals to introduce fairer energy prices and “break the stranglehold the Big Six have over the electricity market”. The regulator plans to make the Big Six – British Gas, EDF, E.ON, npower, Scottish Power and Scottish & Southern Electricity – auction off 20% of their output to make way for new […]