Source · Select Committees · Business and Trade Committee
Recommendation 25
25
Not Addressed
Paragraph: 105
Ofgem should publish detailed proposals that will ensure energy suppliers have a higher level of...
Recommendation
Ofgem should publish detailed proposals that will ensure energy suppliers have a higher level of capital adequacy in the future which is in line with growth. Financial stress testing and monitoring of suppliers’ risk management strategies should be conducted by Ofgem as standard. Where individual or systemic problems are identified, Ofgem should work proactively with suppliers to resolve them. We recommend that Ofgem upskills its workforce to ensure it has the appropriate expertise to implement these provisions in an effective and proportionate manner. We ask Ofgem to publish a plan on how it intends to do this.
Government Response Summary
The government intends to refresh the data used for distributional analysis, and all updated assessments will be shared with the Department and Committee when available.
Paragraph Reference:
105
Government Response
Not Addressed
HM Government
Not Addressed
with the Department and the Committee and intends to refresh the data used for distributional analysis. All updated assessments will be shared with the Department and Committee when available.