The future is looking increasingly bleak for Ofgem. The energy regulator must be used to bad weeks by now, but it has taken another couple of punches to the gut in recent days that bode ill for its survival post-election. The initial findings of the Competition and Markets Authority (CMA) seem to point the finger at Ofgem, with the suggestion that it may have been unintentionally stifling competition. Meanwhile, the irrepressible Tim Yeo once again has the regulator firmly in his sights with his comments at the publication of the ECC select committee’s report into network costs, suggesting Ofgem dropped the ball on price controls (incidentally, the one area where, until now, it has usually won praise).
Leader: “Long live the energy regulator”
