Ofgem
Ofgem introduces clearer energy billing and tariff optionsThe energy regulator Ofgem is forcing energy firms to introduce clearer billing and tariff options for energy companies as part of its Retail Market Review. |
Npower receives second £1m+ fine in a monthNpower has agreed to a penalty of £3.5 million from Ofgem for breaching sales rules and misleading consumers. |
"Big six" energy firms see profits rise by 77% in a yearNew data from the energy regulator Ofgem shows that the justification given by energy firms for their price rises and profits is false as profits triple in just three years. |
Ofgem orders five energy distribution firms to cut costsOfgem, the energy industry regulstor, has rejected five out of six electricity distribution plans from leading firms in the industry and ordered them to cut costs. |
Energy price increases called into question by OfgemThe energy regulator, Ofgem says that average net profits for the "big six" energy suppliers have more than doubled in the last 12 months calling into question the reasons given by them for recent price hikes. |
Scottish Power to repay £8.5m to customers after Ofgem probeScottish Power have been fined £7.5 million by the regulator after an investigation found that staff were not properly trained and misled customers when selling products. |
E.on pulls cheaper energy tariff for over 60'sOne of the UK's biggest energy firms, E.on has pulled a discounted energy tariff for the over 60's blaming new rules that limit the number of tariffs a firm can offer to four per fuel. |
First Utility calls for 24 hour energy switching serviceIndependent energy provider First Utility says the energy switching process should take just one day and this would save UK households £1.5 billion every year. |
SSE and E.ON pull the plug on cold callingTwo of the UK's biggest energy firms have decided to stop the practice of cold calling customers after a regulatory crackdown from Ofgem that has seen both firms receive fines. |
Ofgem welcomes recommendations for energy industry transparencyOfgem has supported a recent decision by the energy and climate change Select Committee that the industry needs to be more transparent for consumers |
Cannabis farms responsible for £70 million of electricity theftThe energy regulator Ofgem wants new laws so that energy firms can be fined if they don't investigate energy theft which is worth £200 million annually, £70 million of which comes from theft to power cannabis factories. |
Energy reforms will mean a "simpler, clearer and fairer market"Energy regulator Ofgem has proposed that the electricity market needs to be opened up to independent companies and that customers should be given a "simpler, clearer and fairer market". |
SSE boss sees pay double to £2.6m despite Ofgem penaltyThe boss of SSE, Ian Marchant received total remuneration of £2.6 million last year, almost double the previous year despite SSE being fined £10.5 million by Ofgem for mis-selling. |
Big energy firms must "open up market" or face penaltiesuSwitch has backed Ofgem's proposals that the energy market needs to be opened up to wider competition. |
Six energy firms miss Ofgem targets on reducing energy billsOfgem is investigating six energy firms who have missed their targets on offering consumers ways to minimise their energy costs. |
Which? wants energy bills in same format as petrol pricesConsumer champion Which? is warning that proposals by Ofgem could lead to an increased number of tariffs and end up costing customers an extra £55 million. |
SSE boss to get £400k pension as he refuses to resignOne of the "big six" energy suppliers, SSE has been fined £10.5 million by the energy regulator Ofgem for lying to potential new customers and mis-selling. |
SSE cuts power generation and warns "lights could go out" in UKOne of the "big six" power companies, SSE has warned that government dithering has influenced its decision to cut power generation and warns that the UK could experience power cuts. |
Ofgem energy reforms need to be extended to small businessesOfgem has launched a government-backed initiative which will limit the number of energy tariffs available and force firms to tell you if you can get a better deal. |
Ofgem boss warns of rising energy costs as supplies tightenAlistair Buchanan the chief executive of Ofgem, the energy regulator has warned that energy supplies are on a "rollercoaster" and heading "downhill fast." |
Ofgem must protect consumers on tariffs and prices, say MPsA new report from MPs says that the energy regulator Ofgem needs more bite in tackling tariffs and prices offered by the "big six" energy companies. |
Ofgem approves £24b energy grid upgrades adding £12 to billsOfgem has announced that it will allow National Grid and other companies to spend £24 billion upgrading the utilities infrastructure whill will add an average of £12 to a households annual bill. |
E.On fined £1.4m by Ofgem over exit fee chargesThe energy regulator Ofegm has fined E.On £1.4 million for charging customers exit fees after price increases. E.On is also paying £300,000 to a consumer fund. |
Ofgem plan could save Cameron's bacon over energy policyOfgem has launched a 3-point plan for a "simpler, clearer and fairer" energy market and the timing could help David Cameron salvage the government's energy policy. |
Loss of energy capacity will mean higher bills and risk of blackoutsA new report from Ofgem says that EU legislation which will lead to the closure of coal power stations means the UK's energy capacity will be reduced leading to higher bills. |
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