Ofgem

8nwright
Mind Map by 8nwright, updated more than 1 year ago
8nwright
Created by 8nwright about 5 years ago
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Ofgem mind map
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Ofgem
1 Promote Value for Money
1.1 Dealing with information failure
1.2 Switching suppliers
1.3 Enforcement action in the form of fines
1.4 Transparency of costs, prices and profits
1.5 Price controls
2 Ensure Security of Supply
3 Promote Sustainability
3.1 Reducing demand
3.2 Switching away from fossil fuels
3.2.1 Run competitions with money rewards to the winners
3.3 Provide customers with exact details on electricity usage
4 Implement Government Regulation
4.1 Renewables obligation
4.2 Feed-in tariff system
4.3 Energy Companies Obligation
4.4 Warm house discount scheme
5 Employ 800 people at cost anually of around £83 million
6 CMA
6.1 Enforcing consumer protection legislation
6.2 Theories of Harm
6.2.1 Vertical integration of electricity generation and retail supply
6.2.2 Dominance by big six
6.2.3 Unwillingness to switch suppliers
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