Ofgem delays ending SoLR payment process amid energy supplier backlash

The energy regulator has extended the temporary Last Resort Supply Payment process due to market concerns, responding to mixed feedback from energy suppliers

‘Almost six million UK households trapped with unchosen energy suppliers’

These households remain stuck with energy suppliers they didn’t choose due to previous provider bankruptcies, resulting in lower satisfaction rates, according to a report

Ofgem plans to end temporary last resort supply payment claim process

The energy regulator seeks industry feedback on reverting to single-claim process and implementing internal audits for Last Resort Supply Payments

Ofgem’s proposal to shock-proof energy suppliers with minimum capital requirement

Energy firms will be required to maintain a capital target of £130 adjusted net assets per dual fuel customer from 2025

OVO reportedly planning takeover bid for Shell energy retail arm

OVO Energy’s reported move has the potential to elevate its standing to that of Britain’s second-largest energy supplier

‘Ofgem’s spending on consultants since start of crisis amounts to £32m’

The energy regulator has reportedly awarded 13 consulting contracts to assist with Supplier of Last Resort payments

Shell Energy ‘claimed nearly £200m in SoLR costs’

The supplier has taken on half a million new customers from failed suppliers

Energy supplier ordered to pay £57k after failures

Delta Gas and Power failed to pay funds to support renewable energy generation

Households to pay an extra £94 for energy supplier collapses, say MPs

Britons have been left to foot the bill for the £2.7 billion cost because of Ofgem’s failures, the Public Accounts Committee has concluded

Ofgem on supplier failure costs: “The numbers didn’t stack up”

Alternative ways of recovering the cost of supplier failure could negatively affect vulnerable customers, Ofgem has concluded