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compliance
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Regulation and policy
Keeping an eye on compliance
In response to the rising wholesale energy prices, Ofgem published a letter on 29 October setting out the steps that it is taking to protect the short- and long-term interests of consumers. In addition to its intention to consult this month on the current price cap methodology, Ofgem set out...
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Business supply and services
Energy suppliers must be ready to demonstrate compliance with new principles
From 22 January, energy suppliers were required to follow new principles resulting from Ofgem’s Supplier Licensing Review (SLR), which initially kicked off nearly three years ago. Such was the breadth of the SLR, changes were introduced in two rounds, with the first round of changes bringing the introduction of tougher...
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Regulation and policy
Finding best practice in Ofgem’s compliance engagement outcomes
The past few months have involved a shake-up of the status quo for all of us, with the ramifications of COVID-19 having a disproportionate impact across society. Being an essential service, energy has been at the forefront of policy-makers minds as suppliers have sought to ensure that those most severely...
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Low carbon generation
Mutualisation? Oversupply? Banking? Latest developments in the ROC market
We track the ROC markets closely through our within-year and long-term market forecasts of ROC values and supplier costs. In this blog we provide a view on the latest market developments and our current forecast levels. If you are interested in the Renewables Obligation, or our market forecasts for the...
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Regulation and policy
How will suppliers be required to support their customers post COVID-19?
On 1 May our latest update to the Energy Supplier Compliance Portal went live and included changes to the compliance landscape seen during February, March and April this year. A notable feature of the update was the regulatory response to COVID-19, which we will delve into a little deeper in...
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Low carbon generation
Renewables Obligation Mutualisation Looms again
The end of October marks the end of the annual Renewables Obligation (RO) compliance period, where electricity suppliers that have not already fulfilled their obligation must make payments into the ‘late payment fund’. As we saw last year the spate of supplier exits from the market created a shortfall in...
