Energy UK is the trade association for the energy industry – representing more than 80 members made up of generators and gas and electricity suppliers of all kinds and sizes, as well as other businesses operating in the energy industry.
Together its members generate more than 90% of the UK’s total electricity output, supplying more than 26 million homes and investing in 2012 more than £11 billion in the British economy.
The latest edition of the Energy UK Newsletter for its members contains the following Focus:
Scottish Energy News
Scottish Energy News covers the entire energy industry in Scotland as well as significant regulatory and industry news, events and conferences on a pan-UK and EU basis.
It is free to subscribe to Scottish Energy News and it is sent daily to more than 2,600 subscribers including MSPs, MP, MEPs, industry leaders, central and local government energy and economy officers, regulators, consumer groups and supply chain company chief executives and senior directors across the UK and EU. While most readers are based in the UK and Ireland, around 10% of readers are based in the USA, EU, China and Japan.
For more information:
The Energy UK newsletter also contains the additional following updates:
Financial Conduct Authority
Energy UK met with the Financial Conduct Authority (FCA) to discuss the implementation of the European Market Infrastructure Regulation in the UK energy sector. Discussion also focused on the reporting of exchange-traded derivatives. The FCA expressed an interest in organising a set of bilateral meetings with Energy UK members over May and June to further discussions.
Standard Industry Terminology
Agreement has been reached over the standardisation of a number of industry terms to ease understanding among consumers and stakeholders. Energy UK volunteered to lead the project after Ofgem identified that it would be a good contribution to the consistency and clarity of terms for customers.
Collective switching
Energy UK submitted its response to Ofgem’s consultation on collective switching. Energy UK emphasised that customer care must be held to the same standards for collective switching schemes as it is for suppliers. Schemes must be open, fair and transparent in their dealings with customers and sites should provide customers with the information recommended by the Retail Market Revie
Auto Rollovers
Energy UK submitted its response to Ofgem’s consultation, highlighting its member’s commitment to delivering improvements for non-domestic customers. Energy UK said that a number of members have already stopped offering contracts with a rollover clause and those that have not are working to improve transparency and fairness for their customers.
Young Energy Professionals Forum
The Young Energy Professional (YEP) steering group have met ahead of the ‘Future Energy Solutions, How are we going to keep the lights on?’ event on 8 May. The group was launched in July 2013 in partnership with Ernst and Young and is formed from young professionals representing Energy UK member companies.
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