What action's being taken to improve the energy market and when might we see real progress on that?

dave2319

I see Martin recently met with people to discuss radically improving the energy market. Do we know more about what they're working to improve and when we might see some real progress with that?

MSE_Gary

Hi,

Yes, MSE, Martin and representatives from charities Citizens Advice, National Energy Action and StepChange met with CEOs of Ovo, British Gas, Octopus, E.on, EDF and Shell Energy in July to discuss the energy crisis.

The aim was to work together on the low-hanging fruit, without government or regulators. You can see the agreed actions from that meeting in this MSE news story.

A senior level working group is meeting regularly and making good progress on the agreed actions, and we hope to be able to share outcomes more widely after the next meeting of CEOs in September.

Separately, Ofgem is looking into the energy market more widely and MSE regularly responds to its consultations.

Thanks,

Gary

 Gary Caffell - MSE Energy Expert

This question and answer came about during the MSE Forum 'Ask An Expert' event. It won't be updated so may no longer be correct at time of reading. This info does not constitute financial advice: always do your own research on top to make sure it's right for your circumstances.

Ask an Expert: Energy (Aug 2022)

See MSE's news story from July:

Energy suppliers commit to offering more help for customers this winter after round table with consumer groups and charities

MSE_Laura_F

I've merged together @dave2319 and @glynbristol's questions, since they're both about changing the energy market.

Thanks, MSE Laura F