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Issue 587 | Ofgem PBR

Issue 587 | Ofgem PBR

Vicky Simonds Vicky Simonds Senior Analyst

Ofgem workshop: Principles Based Regulation 3 February 2016 Headlines The regulator outlined the scope and objective of moving to Principles Based Regulation (PBR)––it is primarily focused on the domestic supply licence and it aims to compile a shorter more comprehensive rulebook that relies more on principles with an ultimate goal of improved customer protection and a more flexible, innovative retail market. The workshop comprised three round tables: what the future rulebook should look like; monitoring compliance with principles; and realising benefits and managing challenges. There was a general consensus that a move to PBR is a positive move. Introduction ...

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