Today news
About the same in other media
22.12 - 18:47
Ofgem blamed for errors that led to energy firms collapsing
Reading now: 542
The energy regulator is responsible for a series of mistakes and missed opportunities that allowed the collapse of dozens of energy suppliers and led to spiralling household bills, according to a report by a leading consumer rights charity.
Citizens Advice has blamed the industry regulator, Ofgem, for failing to take action against rule-breaking suppliers for almost 10 years despite mounting concerns over the energy market.
In a damning report, the consumer watchdog warned that there was evidence of financial weakness in the energy market “long before this year’s crisis”, but said Ofgem had failed to heed warnings, meaning households would bear the brunt of its “catalogue of errors”.
The market has lost 26 suppliers amid record high gas
Read more on theguardian.comAbout this in other media
Blockchain startup sues Brian Armstrong for allegedly stealing its work cointelegraph.com /2 years ago
Takeover regulator extends deadline for offers on River & Mercantile, firm says fnlondon.com /2 years ago
Polygon & Reddit Co-Founder Go For Web 3.0, Career Moves + More News 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.
