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Market research & Insight

Issue 864 | Ofgem report: State of the Energy Market 2018

Issue 864 | Ofgem report: State of the Energy Market 2018

Steven Britton Steven Britton Senior Analyst

Ofgem report: State of the Energy Market 2018 22 October 2018 Headline Assessment 1 Assessment & recommendation The regulator issued its 2018 State of the Energy Market report on 11 October, indicating that wholesale markets are functioning well, and while retail markets have some way to go, they are improving. The annual report reviews how well the GB energy markets are delivering competition, affordability, decarbonisation and security of supply. Key headlines for this year are: Market concentration is falling in the domestic sector, with 73 licensed suppliers and the market share of the Big Six falling to around 75% of customers The average saving from moving from a ...

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