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Energy Retail Market Strategy for the 2020’s
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In July BEIS published their energy retail market strategy for the 2020’s
It describes how, by setting a framework that incentivises energy companies to innovate for and engage with their customers, BEIS will work with the market to take consumers on the journey to a net-zero energy system.
We have two high level objectives to help describe how we will deliver the strategy:
Objective one. There is a sustainable retail market that delivers services or products that make it easy and rewarding for consumers to engage with energy and adapt their usage to support decarbonisation.
Objective two. No matter how they engage in the market, all consumers should pay fair prices for their energy: they should be protected from paying excessive charges as we build a modern and competitive smart energy system; and, on an enduring basis, engagement must not be a barrier to fair outcomes or net zero, with all consumers supported and benefiting from competition.
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