Will energy suppliers end up offering cheaper deals? As the UK energy market navigates through a period of significant transition, marked by fluctuating wholesale prices and regulatory adjustments, questions abound regarding the potential for energy suppliers to offer more competitive pricing to consumers. Drawing upon recent insights, this article delves into the evolving landscape of […]
In an era marked by significant energy market fluctuations, understanding the intricacies of the Energy Price Guarantee (EPG) and the regulatory energy price cap is essential for energy brokers and suppliers in the UK. This article offers a deep dive into the current gas and electricity prices under these mechanisms, equipping professionals with the knowledge
Current UK Energy Price Trends: Price Cap and Energy Price Guarantee Read More »
What is the energy price guarantee? The Energy Price Guarantee, introduced by then-Prime Minister Liz Truss in October 2022, aimed to mitigate the impact of a proposed 80% increase in the energy price cap. By setting maximum prices for gas and electricity below those under the existing price cap, the EPG sought to alleviate the
Energy Price Guarantee: What is it, Links to Energy Price Cap & Forecasts Read More »
In accordance with the Regulations, Ofgem issues REGOs based on the percentage of electricity produced by certain producing stations in Great Britain and Northern Ireland that use “qualifying renewable energy sources.” A qualified renewable generating station must first receive Ofgem accreditation before they may issue REGOs to it. They are only permitted to issue REGOs
