Ofgem could make it harder for new firms to enter energy market

as mentioned in Ofgem is considering making it harder for new challenger companies to enter the energy market, citing concerns over poor customer service and lack of financial resilience. The changes under consideration include new tests on the financial health of prospective suppliers, and more regular checks on existing energy companies. Two of the other big suppliers, SSE and npower, are merging in response to the competition from new entrants. While some small suppliers have faced customer service problems, many others have been praised for their service. The top six energy companies in a recent customer service poll were all small suppliers, with the top slot taken by Octopus Energy.

Brexit: What leaving the EU internal energy market would mean

With Parliament's decision to reject continued membership of the European Economic Area after Brexit, the UK looks increasingly likely to also leave Europe's internal energy market. So far the Brexit adage 'nothing is settled until everything is settled' has proven true, with British membership of the internal energy market [IEM] still officially on the table, but facing a number of hurdles. Some Brexit watchers say even acceptance of the ECJ would not guarantee the UK energy market membership if it leaves the EEA. Mark Johnston, a Brussels-based energy analyst, said: "There's zero chance the UK would remain part of the internal energy market if it leaves the EU ​and does not stay in the EEA. "The IEM is effective a sub-set or a part of the single market, where all compete on equal terms according to common rules."The EU has often railed against single market cherrypicking.

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collected by :Victor Alphen