Story perspectives

Ofgem Criticized for Inadequate Energy Supplier Oversight

1/29/2026

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Summary

Story summary

Five of 23 retail energy suppliers failed to meet capital targets set by Ofgem (the Office of Gas and Electricity Markets) in March 2022.
Critics say Ofgem's handling of financial resilience among UK retail energy suppliers is inadequate.
A recent report notes the regulator's approach lacks transparency and accountability, unlike banking sector stress tests that are public.
The regulator's vague definitions of compliance and timelines for improvement leave questions unanswered.

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Story summary

Five of 23 retail energy suppliers failed to meet capital targets set by Ofgem (the Office of Gas and Electricity Markets) in March 2022.
Critics say Ofgem's handling of financial resilience among UK retail energy suppliers is inadequate.
A recent report notes the regulator's approach lacks transparency and accountability, unlike banking sector stress tests that are public.
The regulator's vague definitions of compliance and timelines for improvement leave questions unanswered.