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 to help mitigate the risks to customers as a result of the current wholesale volatility. This included the Market Stabilisation Charge, which if triggered would require all domestic suppliers acquiring a customer to make a payment to the supplier that is losing the customer. We delve deeper into this topic in a recent blog.

Additionally, we looked at the second short-term intervention, the temporary ban on acquisition-only tariffs, as well as updates to the financial responsibility and operational capability principles.

The webinar, which you can listen to here, also discussed:

  • the next steps of Ofgem’s financial resilience action plan.
  • the progress of the Faster Switching Programme
  • the progress of the Market-wide Half-Hourly Settlement
  • the Energy Bill Support Scheme
  • the changes to the price cap methodology
  • the outcome of the Microbusiness Strategic Review
  • the introduction of more smart metering benefits

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