Addressing mounting fears over the impact of wholesale power price spikes on energy retailers back in September, Kwasi Kwarteng was sanguine. “It is not unusual for smaller energy suppliers to exit the market”, the energy secretary told the Commons. However, what we have seen heading into this winter is anything…
Read MoreOn 7th October, John was invited to deliver the first of the prestigious annual Beesley Lecture Series. Building on his Government-commissioned report Power to the People, John outlined the state of competition policy, described upcoming challenges for regulators and set out how regulatory reform can best meet those challenges. John also…
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Weston’s MP has said that a spike in energy prices could not have come at a worse time following the Covid pandemic and has pledged to push for a more affordable energy price cap to help reduce fuel poverty. As part of its #ThereWithYouThisWinter campaign, the Mercury recently published figures from…
Read More The MP who led the charge for the energy price cap has called for further reform of the mechanism to tackle the so-called loyalty penalty. John Penrose, delivering the annual Beesley Lecture, hosted by the Institute of Economic Affairs today (7 October), implored Ofgem to ape rules introduced by the…
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