Ofgem warns UK energy companies over suspicious activities in the market

Ofgem has warned energy companies that they could be fined or face prosecution if they manipulate wholesale energy prices. In a letter sent “to wholesale market participants and other interested parties”, the regulator said “concerns have raised with us in respect of certain behaviours that may be taking place within the market”. Ofgem’s letter refers to […]

Big Six firms ‘should auction all their energy’

New, smaller energy firms are chomping at the bit to get access to more of the energy generated by the Big Six. The business director of Co-operative Energy revealed yesterday he was keen on Ofgem’s proposals to force the UK’s biggest suppliers into making their energy available on a wholesale market, in an auction – […]