Return to all articles

Comment from Co-operative Energy on the announcement by Scottish and Southern Energy that it is to auction all of its electricity on the open market

Posted on 12 October 2011

Nigel Mason – Business Development Manager for Co-operative Energy: “We welcome the move by Scottish and Southern Energy to break ranks with its fellow Big Six power suppliers by letting domestic suppliers bid for its entire energy supply. This is a step in the right direction for the energy industry as it provides more volume in wholesale markets. However, more volume is only part of the solution for small suppliers such as Co-operative Energy and others looking to gain entry into the market. In order for this to be an effective move, contracts need to be of the right duration, not just one day ahead and of the right shape, to match the profile of domestic consumption. To avoid indirect discrimination against the small suppliers it is essential that the rules of the auction process are properly addressed. From a consumer perspective it makes wholesale costs more transparent and will force suppliers to justify retail price increases more rigorously. It will also encourage competition, allowing new players to enter the market if they can be confident they can procure energy in the right volume and shape. More competition will be good for consumers in the long run and we support this. As a relatively new energy supplier and a competitor to the Big Six we are engaging with Ofgem to formulate the detail of how wholesale market reform will work. We see this as a good move for consumers and challenge the other Big Six suppliers to follow suit.”

Latest News/Related Articles

Enterprise for the Common Good: Introducing The Exchange

16 August 2017

A guest blog from Cliff Mills of Anthony Collins Solicitors who, along with Co-operative Energy and the Phone Co-op are coming on board as an associate partner for Greenbelt 2017

Read More

Competition time!

15 August 2017

What do you love about your energy supplier with a heart?

Read More

Co-op Energy can be the ‘jewel in the crown’ for the movement

27 June 2017

The Community Energy Conference 2017 was a huge success. Find out all about it

Read More