Ofgem Proposes Radical Overhaul of UK Energy Supply Market

UK energy market regulator Ofgem is proposing sweeping away complex and unfair pricing practices and requiring the ‘big six’ energy suppliers to auction up to 20% of their electricity generation output following a major review of the sector. Ofgem’s review found that competition is being stifled by a combination of tariff complexity, poor supplier behaviour, … Read more