Ofgem: Standards

(asked on 30th January 2023) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what recent assessment has he made of the effectiveness of Ofgem as a regulator.


Answered by
Graham Stuart Portrait
Graham Stuart
This question was answered on 9th February 2023

The energy market is currently facing unprecedented challenges.

Ofgem, as the independent regulator, has a vitally important role in protecting the interests of consumers, including the vulnerable.

Ofgem recognises how its regulatory approach over the last 18 months has contributed to supplier failure and the related issues within the energy supply market. Ofgem is therefore taking steps to ensure that the supply market is more robust. This includes a package of reforms designed to bolster consumer protection and ensure energy suppliers are more resilient to market shocks.

Reticulating Splines