Ofgem has axed plans to require all suppliers to ring-fence their customers’ credit balances but is pressing ahead with proposals to ring-fence Renewables Obligation funds and introduce a minimum capital requirement. The revised measures to strengthen retailers' financial resilience were detailed in one of a series of consultations issued by the regulator on Friday (25 November), which also covered an extension to the Market Stabilisation Charge and changes to the price cap methodology.
Ofgem rows back on ring-fencing credit balances
