Today news
About the same in other media
Is Ofgem up to the job of sorting out the energy crisis?
Reading now: 572
Ofgem wants to close the stable door after the horse has bolted. The regulator now feels it would be an excellent idea if the retail energy market was not littered with failed companies – 26 at the last count, in the space of three brutal months. It wants to ensure such a thing can not happen again.
The ingredients of reform are not hard to identify: outsiders have been telling Ofgem about them for months, or years. And, to be fair to the regulator, a loose version of most can be found in the draft proposals it published on Wednesday.
Suppliers will be subjected to “stress testing” to ensure they are “adequately hedged or hold sufficient capital to manage a wide range of scenarios”. There will be “enhanced monitoring” of companies. Key
Read more on theguardian.comAbout this in other media
Piggy Planet, the Game Ecosystem, Announced the Launch of the 2nd Round of IDO and Beta of Piggy Planet cryptonews.com /2 years ago
Asia’s factory workers at the sharp end of the west’s supply chain crisis theguardian.com /2 years ago
Crypto Pay on the Rise in South Korea as Commercial Giants Ink Partnership Deals cryptonews.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
