supplier collapses

September 20, 2024

Ofgem policy update to reduce cost to consumer of supplier failures

Energy regulator Ofgem has published an update on the Supplier of Last Resort (SoLR) policy consultation to help protect consumers from fronting the cost of failed suppliers.

Business and the energy crisis: have the measures gone far enough? Image: Pixabay NC.

November 15, 2022

Delta Gas and Power issued with Provisional Order after stress test reveals weak cash flow

Ofgem has issued non-domestic energy supplier Delta Gas and Power with a Provisional Order, due to concerns about its financial position.

Origin ‘upgrades’ FY2023 energy market outlook due to strong contribution from Octopus Energy. Image: Octopus Energy.

October 31, 2022

Octopus Energy to take on Bulb’s 1.5 million customers to become third biggest supplier

Octopus Energy is to take on Bulb’s 1.5 million customers, as it wins out in buying the failed supplier.

October 27, 2022

So Energy looks to raise £50 million as government instability exacerbates difficult market conditions

So Energy is looking to raise £50 million in capital as the energy sector remains volatile.

September 20, 2022

Octopus Energy slashes ‘egregious’ standing charges

Octopus Energy is reducing its standing charge for those on its variable tariff by 4% to provide additional support for consumers ahead of energy bills jumping in October.

August 4, 2022

Ofgem confirms price cap to be set quarterly

Ofgem has confirmed that the Default Tariff Price Cap will now be set quarterly, to better reflect the costs of the wholesale market.

July 26, 2022

Ofgem branded ‘incompetent’ as BEIS select committee calls for energy efficiency and reforms

Ofgem has proved “incompetent as the regulatory authority” according to a new report from the Department of Business, Energy and Industrial Strategy (BEIS) select committee.

July 13, 2022

Energy UK calls for government intervention on energy bills as problem ‘too big for any industry to meet’

Energy UK has called on the government to rollout more help for consumers with energy bills following predictions that the price cap will surge again.

Hayden Wood co-founded Bulb in 2015. Image: Bulb.

July 1, 2022

Bulb’s Hayden Wood to step back from business

Bulb’s CEO and co-founder Hayden Wood is to leave the company at the end of July.

June 22, 2022

Ofgem’s approach to licensing allowed market that was vulnerable to large-scale shocks, finds NAO

Ofgem’s approach to licensing and monitoring increased the risk of supplier failures, a new report from the National Audit Office (NAO) has found.

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