Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 4
4
Paragraph: 37
We recommend that Ofgem implements the recommendations of the Oxera report in full to ensure...
Recommendation
We recommend that Ofgem implements the recommendations of the Oxera report in full to ensure that it has the proper frameworks for defining consumer interests and competition. We call on Ofgem to carry out rigorous quantitative impact analysis to underpin regulatory reforms and to make these publicly available for scrutiny. Ofgem must take urgent steps to improve the quality of its governance and the effectiveness of its Board by proactively challenging decisions made within the organisation, ensuring it has the necessary information and sufficient time to vigorously deliberate issues and make evidence-based decisions.
Paragraph Reference:
37
Government Response
A response document is linked to this report, dated 13 October 2022. Response attribution to this recommendation has not been verified. Read the response document ↗