Mind map
Ofgem
Mind map: Ofgem
Map content
Ofgem
Promote Value for Money
- Dealing with information failure
- Switching suppliers
- Enforcement action in the form of fines
- Transparency of costs, prices and profits
- Price controls
Ensure Security of Supply
Promote Sustainability
- Reducing demand
- Switching away from fossil fuels
- Run competitions with money rewards to the winners
- Provide customers with exact details on electricity usage
Implement Government Regulation
- Renewables obligation
- Feed-in tariff system
- Energy Companies Obligation
- Warm house discount scheme
Employ 800 people at cost anually of around £83 million
CMA
- Enforcing consumer protection legislation
- Theories of Harm
- Vertical integration of electricity generation and retail supply
- Dominance by big six
- Unwillingness to switch suppliers