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Business supply and services
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Business supply and services
Power prices for SME’s reach record highs
According to our latest Pricing in the SME power market report, Small and Medium Enterprises (SME) power prices have continued to rise in Q221, reaching the highest level since our records began in Q212. On average, prices have increased by 24.8% year-on-year at the PC3-6MWh and PC3-15MWh consumption points and...
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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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Business supply and services
A look back at 2020 part 3
As we take our first steps into 2021, we continue to look back at the biggest developments in the UK energy markets in 2020, setting us up for the significant year ahead. The mergers and exits from the supply market that were seen in 2019 continued into 2020 and led...
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Business supply and services
Plus ça change, plus c’est la même chose: the RO late payment deadline
Today (11 November 2020) Ofgem has confirmed that there will be mutualisation of the 2019-20 Renewables Obligation. On Monday, in our 'Energy Spectrum' Perspective, we explained to customer’s why this was important and likely and what it means for the energy industry. Find out more about a free trial to Energy...
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Business supply and services
Responses to COVID-19 boost energy suppliers’ reputations with customers
2020 is, unfortunately, proving to be a year that we will never forget. It has been a year of change and adaptability for us all, including domestic energy suppliers, with many suppliers having had to adapt to increasing numbers of customers in distress while operating at reduced capacity and/or with...
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Business supply and services
COVID-19: A collection of resources
This year has seen Governments, businesses and industries coming to terms with the impacts of the COVID-19 crisis. The arrival of the pandemic shook the energy market across the value chain. Throughout, our experts have provided the industry with coverage of how COVID-19 has impacted the energy market. We analysed...
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Business supply and services
Why now? Regulation in the TPI market
Ofgem published its long-awaited policy proposals on 29 July following a review of the microbusiness sector. These build on its initial consultation from May 2019 and look to ensure that microbusinesses can access a competitive market and secure adequate levels of protection. The approach will be a defining moment for...
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Business supply and services
All mod cons: Routes to market for household flexibility
According to National Grid’s 2019 Future Energy Scenarios[1], meeting decarbonisation targets could require deployment in GB of 13GW of flexibility from commercial and industrial consumers by 2050, compared to around 1GW currently available. While there are currently no comparable forecasts for domestic demand-side response (DSR), energy suppliers and technology companies...
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Business supply and services
Three key themes taking place in the TPI sector
While discussion continues around the impacts of COVID-19 on energy suppliers, the effects have reached into all parts of the energy value chain. Here, we take a look at the impacts on the TPI sector, alongside other key developments in the TPI market, highlighted in our second quarterly update of...
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Business supply and services
Green gas in the pipeline
Interest in supplying green gas is increasing in the business market. In July, our Non-Domestic Supplier Insight Service found that SSE has joined the growing number of business suppliers, including Ecotricity, ENGIE, Octopus Energy and Ørsted in adding green gas to the mix of products they offer. Suppliers tend to...
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Business supply and services
Three key trends to look out for in the TPI sector
Our latest quarterly update of our TPI report continues to highlight the many themes taking place in the market. This report focuses on the developments around regulation in the TPI and business market as a whole and the CMA’s price transparency remedy. It also looks at the changing way the...
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Business supply and services
Flying too close to the sun – SoLR processes in water and energy blog
Yesterday, Aquaflow Utilities entered administration and as a result exited the non-domestic water retail market in England & Wales. This is the first time an English water retailer has suffered an uncontrolled exit from the water market, but over the last 18 months 11 energy suppliers have exited the electricity...
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Business supply and services
Much for Ofgem to consider in its microbusiness market review
Ofgem seems to be gearing up for its much-anticipated review of the microbusiness energy market, having highlighted its intention in its draft 2019-21 Forward Work Programme, published in November 2018. Not before time say some, citing customer confusion and disengagement, over-mighty suppliers and too many dodgy brokers. The business market has...
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Business supply and services
New survey shows TPIs at risk of being left behind on technology
The results from our new survey covering opinions of business energy suppliers on third party intermediaries (TPIs) are published today. It is clear that the suppliers strongly recognise the important role of TPIs in the business supply markets, but equally clear that there is much more to be done in...
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Business supply and services
Pricing strategies in the SME market
Following the transparency measure introduced by the CMA in June 2017, suppliers servicing microbusinesses are required to make their rates easily available to customers. Whilst the majority of suppliers evaluated in our SME pricing reports have introduced online quotation tools to fulfil this requirement, the pricing strategies they reveal vary...