The energy regulator has announced new rules in a bid to boost competition between suppliers and provide greater bill clarity.
Ofgem confirmed that new trading regulations - due to be implemented at the end of March - would force the so-called 'Big Six' energy suppliers to publish their wholesale generation prices to independent suppliers up to two years in advance.
The move was aimed at making it easier for smaller competitors - who do not produce their own energy - to budget better while giving consumers more information on the charges they face.
Ofgem said that a failure to ensure fair trade in the wholesale market would result in financial penalties while a range of other measures would result in the annual statements produced by the large companies being more "robust, useful and accessible."
The Big Six - British Gas, SSE, ScottishPower, npower, EDF and E.ON - endured a fresh public and political backlash on bills last year when inflation-busting increases were announced ahead of winter - rises that were later reduced when green levy costs were stripped from bills.
The row resulted in greater Government pressure on Ofgem to act on competition and price clarity.
Its chief executive, Andrew Wright, said: "Our rules for a simpler, clearer, fairer energy market are coming into force, meaning that it is getting easier for consumers to pick out the best deals.
"Now we are also breaking down barriers to competition for new entrant suppliers. These reforms give independent suppliers, generators and new entrants to the market, both the visibility of prices and opportunities to trade that they need to compete with the largest energy suppliers.
"Almost two million customers are with independent suppliers, and we expect these reforms to help these suppliers and any new entrants to grow.
"We also want to ensure that information on revenues, costs and profits of the largest energy suppliers is as clear as possible for consumers.
"No other European regulator has gone as far as Ofgem in making this information accessible for consumers. Now we are taking further steps to ensure that it is published more quickly, and that it gives a robust, useful and accessible picture of company profits.
Both of these reforms will help ensure competition bears down as effectively as possible on prices."
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