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28/08/2013
Ofgem Begin Shakeup Of Energy Industry
The gas and electricity industry regulator, Ofgem, has said suppliers must inform customers of the cheapest available deal on offer, alongside households being supplied with simplified tariffs, by March 2014.
In the first stage of industry reforms announced by Ofgem, energy suppliers will be restricted to offering no more than four tariffs for each type of fuel.
The reforms which are being rolled out aim to make the energy market more transparent and to simplify pricing for customers.
It is understood that the reforms being introduced have the backing of David Cameron, following a pledge made last year to have suppliers offer customers the best possible deal.
(MH/JP)
In the first stage of industry reforms announced by Ofgem, energy suppliers will be restricted to offering no more than four tariffs for each type of fuel.
The reforms which are being rolled out aim to make the energy market more transparent and to simplify pricing for customers.
It is understood that the reforms being introduced have the backing of David Cameron, following a pledge made last year to have suppliers offer customers the best possible deal.
(MH/JP)
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07 May 2004
Pinewood Shepperton share offer promises £46m
The share launch by UK film studio complex Pinewood Shepperton on the London Stock Exchange today was expected to net £46.2 million, but the oversubscribed share offer promises to net the company much more. The studios, home to Harry Potter and James Bond film productions, announced today that the shares had been launched at 180 pence each.
Pinewood Shepperton share offer promises £46m
The share launch by UK film studio complex Pinewood Shepperton on the London Stock Exchange today was expected to net £46.2 million, but the oversubscribed share offer promises to net the company much more. The studios, home to Harry Potter and James Bond film productions, announced today that the shares had been launched at 180 pence each.
03 July 2013
Energy Suppliers Urged To Tackle Thefts
More needs to be done to tackle electricity theft, the energy regulator has said. Ofgem has said the theft of energy, a third of which they claim is being used to run cannabis farms, costs customers some £200m a year. The regulator has published a number of proposals, urging suppliers to detect and investigate problems, or face a fine.
Energy Suppliers Urged To Tackle Thefts
More needs to be done to tackle electricity theft, the energy regulator has said. Ofgem has said the theft of energy, a third of which they claim is being used to run cannabis farms, costs customers some £200m a year. The regulator has published a number of proposals, urging suppliers to detect and investigate problems, or face a fine.
05 July 2005
Energy firms ordered to improve their billing
Energy suppliers must improve the way they bill their customers within a year or face regulatory action, industry regulator Ofgem has warned. Ofgem has ordered suppliers to stop ‘back-billing’ – failing to supply a bill and then charging customers the full amount at a later date - beyond two years. This would be reduced again to one year in 2007.
Energy firms ordered to improve their billing
Energy suppliers must improve the way they bill their customers within a year or face regulatory action, industry regulator Ofgem has warned. Ofgem has ordered suppliers to stop ‘back-billing’ – failing to supply a bill and then charging customers the full amount at a later date - beyond two years. This would be reduced again to one year in 2007.
28 February 2014
Energy Suppliers To Return £400m To Former Customers
Ofgem is calling on large suppliers to make sure money is returned to their former customers after its analysis revealed that the companies hold more than £400m in credit from closed accounts. This builds on recent commitments by most major suppliers to automatically refund surpluses to current direct debit customers.
Energy Suppliers To Return £400m To Former Customers
Ofgem is calling on large suppliers to make sure money is returned to their former customers after its analysis revealed that the companies hold more than £400m in credit from closed accounts. This builds on recent commitments by most major suppliers to automatically refund surpluses to current direct debit customers.
02 September 2010
Energy Suppliers Face Mis-Selling Investigation
Ofgem has launched investigations into four energy suppliers to determine if they are mis-selling and complying with new obligations. Scottish Power, npower, Scottish and Southern Energy and EDF Energy will face an inquiry about the sales approach any suppliers have taken when selling energy contracts, either face-to-face or by telephone.
Energy Suppliers Face Mis-Selling Investigation
Ofgem has launched investigations into four energy suppliers to determine if they are mis-selling and complying with new obligations. Scottish Power, npower, Scottish and Southern Energy and EDF Energy will face an inquiry about the sales approach any suppliers have taken when selling energy contracts, either face-to-face or by telephone.
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Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
