Tag Archives: Ofgem

UK Regulator Says Free Market Has Failed And The Lights Will Go Out

UK Regulator Says Free Market Has Failed And The Lights Will Go Out

Posted on 05. Feb, 2010 by Ross.

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UK energy market regulator Ofgem, once the strongest proponent of applying free market economics to energy companies, has waved a white flag and acknowledged that the system is failing the country, and that UK energy prices will go up by 20%.
In an amazing about-turn, Ofgem is now recommending a new part-nationalisation of the energy markets [...]

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UK Energy Prices Will Only Go Up

UK Energy Prices Will Only Go Up

Posted on 21. Sep, 2009 by Ross.

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The big six energy suppliers have told the regulator Ofgem that there is little chance of any further cuts in their tariffs this coming year, responding to calls from Ofgem for them to pass on more of the recent falls in wholesale energy costs.
Ofgem estimates lower costs will boost suppliers’ gross profit on each dual-fuel [...]

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