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Issue 589 | Future of Retail Market Regulation

Issue 589 | Future of Retail Market Regulation

Ofgem open letterThe Future of Retail Market Regulation––Update on the Way Forward 3 June 2016 Ofgem published an update on the future of retail market regulation on 2 June 2016 outlining its plans to rely more on principles in the way it regulates the domestic supply markets. Further proposals for the new principles-based supply rulebook include: setting out broad principles at the start of the supply licence; investigating the introduction of a broad principle to provide extra protection to customers in vulnerable circumstances; and considering the restructuring of the licence around the customer journey. The regulator also proposes changes to the ...

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