‘Reactive’ Ofgem was ‘slow’ to address retail risks

Ofgem has been accused of being reactive in its approach to assessing financial resilience in the energy retail sector, as well as slow to design new policies to address risk, in a new report. The 111-page document, written by finance consultancy Oxera, made a series of recommendations to strengthen Ofgem's regulatory regime following dozens of supplier failures over the last year.

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