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Issue 553 | Ofgem: Future of RMR

Issue 553 | Ofgem: Future of RMR

Vicky Simonds Vicky Simonds Team Lead

Ofgem consultationThe future of retail market regulation 22 December 2015 Ofgem published a consultation on 18 December setting out its proposals for the future of retail market rules; a move towards principles-based energy sector regulation. Moving away from prescriptive to principles based regulation is part of Ofgem’s Corporate Plan[1] and the first steps were made with the introduction of Standards of Conduct in 2013. This consultation sets out Ofgem’s thinking on how the various forms of regulation may need to be adapted to facilitate a greater reliance on principles. It is seeking views on: the nature and volume of principles ...

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