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An independent investigation into whistleblower allegations at the National Energy System Operator found significant cultural, governance and control issues, but no evidence of inappropriate influence over operational decisions. A separate Ofgem investigation is continuing.
The market stabilisation charge would be triggered if wholesale prices fell by more than 10%.
The government is considering spending more than £1bn to help poorer households with rising energy bills. Ministers fear the Iran war could push the price cap up by as much as £442 in January, eroding the VAT cut’s benefit.
The government removed £150 of costs from household energy bills earlier in the year
AllegedCornwall Insight forecast an increase in the typical annual dual-fuel household energy bill from January.