Home supply and services
How has Ofgem’s focus on vulnerability evolved?
Over the last few months, the focus on protecting consumers has stepped up as Ofgem begins to take strides toward improving treatment of vulnerable customers. In this week's blog, we discuss some of Ofgem's recent work around protecting customers, including its Vulnerability Summit, and most recently looking at the calls...
Home supply and services
Addressing consumer harms in the non-domestic market
In recent months, Ofgem has shone a light on areas across both the domestic and non-domestic market where suppliers could improve their practices for customers and go beyond what they are obligated to do in the licence conditions. In a time of significant and extended volatility, the regulator has brought...
Business supply and services
Improvements for microbusinesses in the market begin to take effect
Before energy prices began to really soar, in March this year we saw the final package of reforms following the Microbusiness Strategic Review from Ofgem. The outcome of the review was to introduce changes to supplier licence conditions that would improve how microbusinesses are treated in the market. The new...
Home supply and services
Highlights from our Energy Supplier Compliance webinar
As part of our Energy supplier compliance portal service, we run a webinar every 6 months which looks at key updates. Our latest webinar looked back at the decisions made under Ofgem’s financial resilience plan. This included strengthening milestone assessments and introducing additional reporting requirements. It also decided on the short-term interventions...
Regulation and policy
The changing compliance landscape
In recent months, Ofgem has been increasing its engagement with suppliers to ensure compliance with their supply licences and to deliver more resilient business models. This has been evidenced through a number of actions, such as stress testing suppliers and introducing additional reporting requirements, under the scope of the regulator’s...
Home supply and services
Making the switch – how much will really change?
Last week on 1 July, Ofgem confirmed that the designated Go-Live date for the Centralised Switching Service (CSS) would be 00:01AM on 18 July 2022, as was previously anticipated. The most significant impact of this will be the requirement on suppliers to ensure switches are completed within five working days,...
Business supply and services
Ofgem reaches conclusion for the Microbusiness Strategic Review
The Microbusiness Strategic Review came to a close on 28 March 2022, with four finalised proposals from Ofgem that aim to protect microbusiness consumers and create a more robust framework through which the market can operate. Following the unprecedented rise in wholesale prices and recent geopolitical events, these changes are...
Commercial and market outlook
Ofgem outlines thinking on protecting credit balances and RO payments
This article is an extract from our Energy Spectrum publication issued on Monday 25 April. If you are interested in receiving critical policy, regulatory, market and transactional developments across the energy sector, and would like a free full sample of Energy Spectrum, please request a copy here. You only need...