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Issue 850 | Ofgem open letter: Secure and Promote Update

Issue 850 | Ofgem open letter: Secure and Promote Update

Steven Britton Steven Britton Senior Analyst

Ofgem open letter: Secure and Promote Update 15 August 2018 Headline Assessment 1 Assessment & recommendation The regulator issued an open letter on 9 August, proposing to suspend the Market Making Obligation (MMO) schedule of the Secure and Promote (S&P) licence condition subject to a review. Ofgem explained that, in light of feedback from a consultation launched on S&P in late 2017 and changing market conditions, it considered there was a need to review whether the MMO would still be effective going forwards. It was particularly mindful that on the same day it had granted Centrica an exemption from the MMO ...

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