Ofgem has proved “incompetent as the regulatory authority” according to a new report from the Department of Business, Energy and Industrial Strategy (BEIS) select committee.
Regulators and policymakers have acknowledged that more work is needed to deliver an effective, secure, digitalised energy system, but called on industry to also play its part.
Ofgem has issued a Notice of Proposal to make a Final Order following a “number of serious, persistent and recent compliance failings” by UK Energy Incubator Hub Ltd.
Energy regulator Ofgem has released what it has said is a “landmark five year vision” as part of the draft plans for the next price control period, RIIO-ED2.
