Who is unhappy with Ofgem for its energy profits estimate?

A row threatens to break out after trade group Energy UK slammed Ofgem’s estimates of suppliers’ profits as “statistically biased and inaccurate”. It got the blow in ahead of the regulator publishing its monthly Supply Market Indicator (SMI) figures later today. The trade body has commissioned new research from independent consultancy NERA which claims Ofgem estimates for […]

Average energy bill cost “largely” steady at £1,328

The average energy bill for the next 12 months should be £1,328, according to Ofgem estimates, which is “largely the same” as it was when totted up last month. Today the regulator published its Supply Market Indicator (SMI) report on duel fuel bills (i.e. for both gas and electricity) for households. Each month it calculates how much it […]

Ofgem sums “big time wrong” on supplier costs

Energy watchdog Ofgem was slammed for getting its sums “big time wrong” today by the boss of trade body Energy UK. Yesterday the regulator published data showing suppliers’ profits were less than £1 per household per week last year. This was totted up from historical average of bills, costs and profits reported by larger suppliers. […]