Households could face an extra £4 charge on their energy bills after a series of supplier failures in the sector left customers and rivals to fill a black hole.
Energy bills look set to fall next year after Ofgem slashed the revenues that network companies are allowed to collect by nearly £1 billion as the cost of borrowing fell.
Ofgem has ripped up another batch of energy licences held by companies linked to licence farms, as the regulator clamps down following a string of failures in the sector.
Ofgem has ripped up 26 gas and electricity licences linked to just five men, as the regulator faces calls to clamp down on pre-packaged energy suppliers after a string of failures in the sector.
British Gas has won its appeal against regulator Ofgem over claims the way the energy price cap had been calculated was unfair, a court has ruled.
Households across the country could be billed twice as unscrupulous energy suppliers left a £71 million hole in a green tax fund intended to pay for renewables, industry insiders have warned.
The energy supply and credit balances of the 134,000 customers of now-defunct Toto Energy will remain unaffected after the industry regulator appointed EDF Energy to take them on.
Toto Energy, which supplies around 134,000 domestic customers, has ceased to trade, Ofgem said.
Scottish Power is greener than many of its smaller rivals who trade “pieces of paper” that allow them to claim they offer 100% renewable electricity, the company’s boss has said.
Moneysupermarket found comfort in its energy division in the last three months as fears that Ofgem’s new price cap would make customers less likely to change energy supplier, proved false.
National Grid has been told it will have to slash the costs or stump up extra cash for a project to connect Britain’s first new nuclear plant in decades to the country’s energy network.
The UK’s progress in reducing greenhouse gas emissions slowed last year, Ofgem has said.
Ofgem has appointed Jonathan Brearley, its current executive director for systems and networks, as chief executive.
Four energy suppliers have been given a month to pay £14.7 million owed in green taxes or face losing their licences, energy regulator Ofgem has announced.
The energy regulator has increased its price cap on variable tariffs due to rising wholesale prices.
The cost of charging electric vehicles could be reduced under proposals set out by the electricity market regulator.