UK Energy Industry Demands Regulatory Overhaul Amid Rising Consumer Costs
Britain’s energy sector is pushing for significant regulatory reforms, with industry representatives accusing Ofgem of excessive bureaucracy that has driven up consumer costs. The trade association proposes transferring consumer protection duties to the Competition and Markets Authority as part of a broader restructuring effort.
Industry Calls for Regulatory Reform
Britain’s energy sector is demanding a fundamental restructuring of industry regulator Ofgem, with sources indicating the watchdog has overseen significant increases in domestic energy bills while hampering economic growth. According to reports from Energy UK, the trade association representing major energy companies, the regulator has expanded its bureaucracy while failing to control costs effectively.
