Ofgem

Ofgem

1. 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

2. Ensure Security of Supply

3. 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

4. Implement Government Regulation

   • Renewables obligation
   • Feed-in tariff system
   • Energy Companies Obligation
   • Warm house discount scheme

5. Employ 800 people at cost anually of around £83 million

6. CMA

   • Enforcing consumer protection legislation
   • Theories of Harm
     • Vertical integration of electricity generation and retail supply
     • Dominance by big six
     • Unwillingness to switch suppliers