Sector Regulation Sector Regulation

UK energy market let in high-risk suppliers due to Ofgem's pro-competition approach, report finds

By Kathryn Carlson
  • 06 May 2022 16:26
  • 06 May 2022 16:26
Low capital requirements and minimal financial supervision allowed high-risk energy suppliers to enter the UK market, only to fail when wholesale prices spiked, a new review of energy regulator Ofgem’s regulatory approach has found (see here).

The report, conducted by consultancy Oxera, was commissioned by Ofgem's board in the wake of dozens of

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Kathryn Carlson

Financial Services Correspondent, Europe

Kathryn is a correspondent leading EU financial services coverage for MLex in Brussels. She previously covered energy and trade as a reporter for MLex, and has written for Reuters and The Times of London among other outlets. Kathryn holds a degree in English Literature from the University of Oxford and spent time working in Italy and France before making the move to Brussels.

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