The Office of Gas and Electricity Markets (OFGEM) has hired forensic accountants BDO to scrutinise how the top UK energy suppliers make their profit. BDO will look at the trading profits, wholesale prices and hedging practices at British Gas, E.ON Energy, EDF Energy, Npower, Scottish & Southern Energy and Scottish Power. The involvement of BDO [...]
With the financial market in turmoil and businesses finding it difficult to obtain funding, the media focus has tended to ignore the energy sector in recent weeks. However, there have been some interesting and dramatic events taking place, all of which will have a major impact on small businesses. The difficult trading conditions in the [...]