Ofgem has been heavily criticised by Citizens Advice over its decision to row back on proposals requiring all energy retailers to ringfence consumer credit balances. The charity’s chief energy economist has said the regulator’s proposals to adopt a discretionary approach to ringfencing “worries” his organisation as it relies heavily on Ofgem’s ability and willingness to identify problems and step in.
Ofgem’s discretionary approach to ringfencing is ‘worrying’
