The CMA energy market investigation
What does the new CMA report mean for you and your energy bills? More than two years ago, Ofgem referred the energy market to the Competitions and Market Authority (CMA) for inquiry. Around the time of June 2014, distrust in the energy sector was growing and there were mounting fear of price hikes. In order to take the first step towards increased competition and to renew the public’s faith in the industry, Ofgem ordered a full investigatio...
Over 6m energy accounts were switched in 2015
Recent figures published by energy regulator, Ofgem, show that 6.1m domestic energy supply accounts were switched in 2015, a 15% increase on 2014. Through its Be an Energy Shopper campaign, Ofgem has been advising consumers to shop around for a better deal on their energy bills. Many consumers could save around £200 by switching, and those who haven’t switched for a while or never switched, could save considerably more.