• Regulation and policy

    Keeping an eye on compliance

    In response to the rising wholesale energy prices, Ofgem published a letter on 29 October setting out the steps that it is taking to protect the short- and long-term interests of consumers. In addition to its intention to consult this month on the current price cap methodology, Ofgem set out...

  • Regulation and policy

    Self-reporting reduces enforcement action

    Over the past 10 years, energy suppliers have been fined a total of £125.2mn, including redress payments, for failing to comply with their obligations. Over three-quarters (79%) of which are attributed to domestic cases, and the remainder (21%) to business. Penalties for non-domestic licence breaches, issued during 2014-2017, have been...