December 1, 2022

Ofgem units out plans to reform Britain’s power market

Ofgem sets out plans to reform Britains energy market

Ofgem sets out plans to reform Britains energy market

Power regulator Ofgem has set out proposals to reform Britain’s power market, together with altering how a lot suppliers could make below the worth cap and elevating capital necessities to cut back the danger of provider failures.

Ofgem additionally mentioned that it might “intently” monitor suppliers’ use of buyer credit score balances however held again from suggesting they need to be ringfenced — a measure corporations similar to Centrica have championed, accusing rivals of utilizing buyer balances “like an…

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