Ofgem has revised its proposals requiring suppliers to ringfence their customer credit balances in certain circumstances, as well as its plans for minimum capital requirements. Elsewhere, the regulator has confirmed its decision to implement an enhanced Financial Responsibility Principle which would obligate suppliers to show they have sufficient capital to meet their liabilities, as well as requiring them to ringfence Renewables Obligation payments from the current scheme year onwards.
Ofgem further revises credit balance ringfencing proposals
