Supply licence modifications to ensure control over key assets

Obligations for suppliers to have control over key economic and operational assets needed to run their businesses, including energy hedges, are to be enshrined into electricity and gas supply licences, Ofgem has confirmed. In a series of decision documents released alongside its announcement of the new price cap level from October, the regulator also confirmed its decision to extend the Market Stabilisation Charge introduced in April until March 2023.