Today news
About the same in other media
UK energy watchdog promises tougher stress tests for suppliers
Reading now: 324
The energy regulator has promised to put in place tougher stress tests for energy suppliers to prove they have the financial strength to weather a surge in energy market prices – with consequences for suppliers which fail.
Ofgem’s chief executive, Jonathan Brearley, said regulation would need to “go much further” to assess whether suppliers are able to weather unpredictable energy market shocks, after the collapse of more than 20 suppliers in the last 12 weeks.
The energy regulator boss was forced to defend its record in a House of Lords hearing after historic energy market highs sank a string of providers, including Bulb Energy, which will require a taxpayer bailout of up to £1.7bn to keep supplying its 1.7 million customers through the
Read more on theguardian.comAbout this in other media
Peter McCormack acquires local sports club Bedford FC with Premier League ambitions cointelegraph.com /2 years ago
Universities including Berkeley, MIT, Harvard, Oxford to form EduDAO to promote Web 3 innovations, financed by BitDAO treasury cointelegraph.com /2 years ago
Texas oil company charged in massive spill off southern California coast theguardian.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.
