The Office of Gas and Electricity Markets (Ofgem) published the 2019 report for the UK’s State of the Energy Market earlier this month, on 3rd October. It was generated to provide a transparent analysis of the current condition of energy markets, which includes the wholesale and retail sectors.
SmartestEnergy, the UK’s leading independent energy purchaser and supplier, has announced its acquisition of Sussex-based Dual Energy, a small-business energy provider.
The Scottish & Southern Electricity Networks (SSEN) Transmission published a resolute plan that supports both the Scottish and UK Governments’ goals to ward off global warming.
On the 10th of December, 2019, Ofgem announced that it is minded to let Shell Energy claim £354,147 as Last Resort Supply Payment.
Ofgem is a name that is synonymous with the UK energy sector. Ofgem is responsible for promoting healthy competition in the energy market, setting standards, ensuring better prices for commercial and domestic energy products and services. The regulatory body also monitors other areas such as green gas supply, energy independence, and renewable energy
UK energy giants Npower have decided to lay off 4,500 staff due to price cap regulation. The price cap is set to affect the profitability of the organization negatively, so it is imperative it reduces its workforce. As a result of the layoffs, three call centers are under threat of closure.