UK Energy Watchdog Proposes Tests for New Suppliers

Wednesday, November 21, 2018

Britain's energy regulator Ofgem has proposed financial and customer service tests for new suppliers after several smaller energy providers went bankrupt over the last year, it said on Wednesday.

Ofgem said the tests should ensure new entrants are robust while encouraging competition in the market.

"Companies would have to demonstrate they have adequate financial resources and can meet their customer service obligations before Ofgem awards them a licence to supply energy," the regulator said in a statement.

It said the tests should be in place by spring 2019.


(Reporting by Sabina Zawadzki; Editing by Jan Harvey)

Categories: Finance Energy Europe Government Regulations

Related Stories

Commodity Report: Meeting Oil Demand a Challenge if Israel Hits Iran Oil

Commodity Report: Meeting Oil Demand a Challenge if Israel Hits Iran Oil

Reach Subsea’s New 24-Meter USV Ready for Commercial Deployment

Reach Subsea’s New 24-Meter USV Ready for Commercial Deployment

JDR Wraps Up Type Test Qualification of Next-Gen Offshore Wind Cables

JDR Wraps Up Type Test Qualification of Next-Gen Offshore Wind Cables

Current News

Commodity Report: Meeting Oil Demand a Challenge if Israel Hits Iran Oil

Egypt Halts Fertilizer Production In Light of Israeli Gas Disruptions

Edda Wind Welcomes New CSOV to its Fleet

TotalEnergies’ Unit to Build Battery Storage Site in Japan to Help Balance Grid

Subscribe for OE Digital E‑News

Offshore Engineer Magazine