Regulation

Latest

Ofgem invokes ‘fit and proper’ rules to remove company director

Ofgem has revealed it is seeking to have an energy supplier remove one of its senior directors in what would be the first use of its new ‘fit and proper’ requirements. Elsewhere, the energy regulator has been accused of being heavy handed in its approach to financial regulation by a supplier that has been banned from taking on new customers.

2 years ago

Energy Bill gives CMA powers to review network mergers

2 years ago

Is C-MeX fit for purpose?

2 years ago

Ofwat fighting ‘yesterday’s war’ on pollution

Ofwat is fighting “yesterday’s war” when dealing with environmental breaches because of the “retrospective” nature of the regime for policing such incidents, a former board member has said. Professor Catherine Waddams of the University of East Anglia said the existing regime for dealing with water pollution seems to have “broken down” and there is “some evidence” that it is worthwhile for companies to risk fines, which are “are not harsh enough”.

2 years ago