SSE (Scottish & Southern Energy) is to begin plans to start auctioning off their entire electricity supply.
This is a first from any of the major energy suppliers who provide their own electricity. It is being viewed as a move that could potentially open up the energy market – removing some of the barriers for entry and thus making things a bit more competitive.
However UK watchdog Consumer Focus isn’t so sure about the size of the impact as most suppliers buy their energy “well in advance”.
We’d love to get some debate going on this move so please drop us a comment, and share your thoughts.