UK Energy Watchdog Proposes Tests for New Suppliers

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)

Current News

Huisman to Deliver Cranes for Olympic’s Subsea Construction Vessels

Huisman to Deliver Cranes for

Azeri SOCAR Plans New Agreements with Oil and Gas Majors

Azeri SOCAR Plans New Agreemen

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

TPAO, SOCAR and BP to Ink Casp

Amplus Picks Spanish Shipyard to Prepare Petrojarl I FPSO for Redeployment

Amplus Picks Spanish Shipyard

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine