The last 12 months have been a tumultuous time for the domestic retail market and its energy supply. In particular, the high-profile sale of SSE’s domestic supply business to Ovo Energy has radically altered the market landscape. As well as the transfer of npower customers to E.ON UK.
This Chart of the week looks at the market shareholdings of the 10 largest suppliers in the domestic retail market. We also discuss some of the underlying trends driving recent changes.
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Home supply and services
The Energy Retail Market Strategy for the 2020s places consumer engagement as a key focus in the short term through to the late 2020s. To increase competition and engagement, current proposals include the introduction of an opt-in switching scheme and trialling opt-out switching to ‘nudge’ consumers and suppliers towards more...
Energy storage and flexibility
This weeks Chart of the Week takes a look at the costs incurred from balancing the electricity system over the last 12 months. The cost of all the actions and day-to-day operation of the electricity system are recovered through Balancing Services Use of System (BSUoS) charges. This changes in each...
Business supply and services
Despite the challenging year for businesses, we recorded growing interest in renewable electricity amongst businesses and Third Party Intermediaries (TPIs) according to our TPI Satisfaction Survey for 2020. This has been a focus for Industrial and Commercial's (I&Cs) over the last two years driven by corporate social responsibility goals, particularly...
Home supply and services
Across 2020 and 2019, 887,000 domestic customers were supplied by a company which exited the market via the Supplier of Last Resort mechanism (SoLR). On average, this is around 1.7% of the market per year. In 2018, 551,000 domestic customers were supplied by a company which entered the Supplier of...
Low carbon generation
Interest in private wire arrangements has grown in recent years, with the benefits of network and policy cost avoidance becoming a key incentive for generators to look at this development approach. In this Chart of the Week, we look at the expected evolution of cost avoidance over the next five...
Regulation and policy
On 10 June the BSC Panel approved the Market-wide Half Hourly Settlement (MHHS) Implementation Charge for 2021-22. The new charge, introduced under modification P413 Market-wide Half Hourly Settlement Programme Manager, will cover Elexon’s programme management costs for MHHS implementation. It will be levied on suppliers on a monthly basis, based...
Home supply and services
This January saw the largest supplier exit through Ofgem’s Supplier of Last Resort (SoLR) process. Green Network Energy ceased to trade on 27 January, with Ofgem appointing EDF Energy as SoLR for its 360,000 domestic customers shortly after. On the same day, the regulator announced the exit of Simplicity Energy,...
Commercial and market outlook
While lockdown may have been the most used word overall in 2020, in the energy sector net zero would certainly give it a run for its money. The raft of policy announcements, particularly in the last few weeks, will lead to a dramatic change in sector especially with moves to...
