UK energy firms call for overhaul of regulator Ofgem

Energy UK claims Ofgem has overseen ‘dramatic rise in red tape’ that has pushed up bills and slowed economic growthThe UK’s energy companies have called for a radical shake-up of the regulator Ofgem, accusing it of overseeing a rise in domestic bills and slowing Britain’s economic growth.The industry’s trade association, Energy UK, has called for Ofgem to be stripped of some of its responsibilities after overseeing “a dramatic increase in red tape” that it claims has reduced growth and pushed up costs for households. Continue reading...