Is change required on the current energy supply market arrangements? That’s the question currently on Ofgem’s lips who believes the supplier hub model has stifled competition in the retail market.
Ofgem’s proposal means that the role of conventional suppliers, acting as the middle man between customers and the energy systems, would be less relevant or even redundant.
Neil Barnes from Consumers & Competition told Energy Live News: “We want a regulatory framework that enables new ways of offering energy supply and associated services, where this is in consumers’ interests. As we enter a period of price protection in the retail market, we believe now is the time to take a step back and to consider whether current market arrangements are working for current and future consumers and will be able to deliver the level of innovation and competition we expect.”