Other News

Energy sector report explained

Gas and electricity prices will be temporarily capped for four million households on pre-payment metres, after it was revealed that Britons could have been overpaying by around £1.7 billion. An Ofgem-controlled database will also be launched, allowing rival suppliers to offer those on standard variable rates (SVRs) for three years or more better deals.

Other News

Four million customers could see power bills slashed

Around four million households on pre-payment meters will see their power bills slashed and providers will have to share customer data to allow rivals to offer them better deals under proposals announced by the energy watchdog.

Oil & Gas

CMA highlights competition concerns in North Sea oil and gas industry

The chief executive of the Competition and Markets Authority (CMA) has written to energy secretary Amber Rudd raising concerns over competition in the North Sea oil and gas industry. The CMA has warned the Department of Energy and Climate Change (DECC) that plans to establish the Oil and Gas Authority (OGA) could lead to information exchanges which may harm competition.