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Mapa mental

Ofgem

8nwright Economics A2 Level Inglês

Mind map about Ofgem: value for money, security of supply, sustainability and government regulation

Mind map: Ofgem

Conteúdo do mapa

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

Informações

Descrição
Ofgem mind map
Criado por
8nwright
Visualizações
33
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