Small Energy Suppliers Benefit from UK Policies
The UK Department of Energy and Climate Change (DECC) reports that more than two million UK utility customers have switched to independent electricity suppliers since 2010 due to government action to open the energy market.
However, despite nearly tripling the number of independent suppliers since 2010, the Big Six still control the majority of the market, DECC said. DECC and Ofgem published a list of commitments to make it even easier for independent electricity suppliers to enter and grow in the UK energy market. The commitments are designed to deliver a level playing field on which smaller suppliers are able to compete with large established suppliers:
- Create an online resource for independent energy suppliers to improve communications with the government.
- Reduce burdens imposed by industry codes and processes that can put independent suppliers at a competitive disadvantage.
- The Competition and Markets Authority announced that it will carry out an investigation into competition, following a referral by Ofgem, including barriers to entry and growth, and transparency in the retail energy market. The government will continue to work with independent suppliers on the proposals for improving engagement with them.
The UK government also plans to introduce QR codes on energy bills to support one-click price comparisons.
DECC officials met with energy suppliers and switching companies, Ofgem, consumer groups and app developers in June to discuss the development of new systems that would make it easier for people to receive and compare quotes from energy suppliers. Households could save more than $300 a year on their energy bills by switching suppliers, DECC added.
- Six Essential Steps to Drive Effective Energy Management
- How to Use Lean Tools to Cash In On Environmental and Energy Savings
- Top 3 Reasons to Calculate Your Environmental Footprint
- Trends in Energy Management: Where Should Your Next Investment Be?
- Sustainability Reporting for Commercial Real Estate: GRESB
- Integrating sustainability into your ERM framework
- 2013-20114 Winter Polar Vortex
- Sustainability Careers: Unlocking Hidden Employment Potential
- 2014 Environmental Leader Product and Project Awards
- The Guru’s Guide: Implementing Environmental ERP Systems
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management
- Energy Procurement in 2014: Products & Programs to Optimize Savings
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement