WIREDGOV

Ofgem has published an update on the progress of the Big Six suppliers in opening up the wholesale power market to improve retail competition.

Wholesale power liquidity continues to increase as all of the Big Six are now signed up to trade a proportion of their power station output in the day ahead market, where power is sold for use the next day.

Some independent suppliers also say their ability to buy wholesale power from Big Six companies in forward markets has improved in recent months. This is important as it can help independent suppliers get more of a foothold in the retail market.

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