UK Energy Watchdog Proposes Tests for New Suppliers

Wednesday, November 21, 2018

Britain's energy regulator Ofgem has proposed financial and customer service tests for new suppliers after several smaller energy providers went bankrupt over the last year, it said on Wednesday.

Ofgem said the tests should ensure new entrants are robust while encouraging competition in the market.

"Companies would have to demonstrate they have adequate financial resources and can meet their customer service obligations before Ofgem awards them a licence to supply energy," the regulator said in a statement.

It said the tests should be in place by spring 2019.


(Reporting by Sabina Zawadzki; Editing by Jan Harvey)

Categories: Finance Energy Europe Government Regulations

Related Stories

ConocoPhillips Takes Over Operatorship of Malaysian Oil and Gas Cluster

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

TVO Selects Collins to Head Australian Ops

Beam’s AI-Driven AUV to Hit Offshore Wind Market in 2025

TotalEnergies Inks 15-Year LNG Supply Deal with China’s Sinopec

Equinor Tries Again for a Japan Offshore Wind Lease

Eni Strengthens LNG Ties with Japan

ABS Gives Its Blessing to SHI’s Ammonia FPSO Design

India Opts Out of Buying Gas from Russia's Sanctioned Arctic LNG 2 Project

MacArtney Asia Named Regional Reseller for Select Teledyne Products

Current News

Japan's Mitsui Eyes Alaska LNG Project

Santos Hires Weststar-GAP for Timor-Leste Offshore Helicopter Services

Petronas Preps for Sabah-Sarawak Gas Pipeline Decom Op

European LNG Imports Up with Asian Influx

Sunda Energy Starts Environmental Survey for Timor-Leste Oil and Gas Field

Kazakhstan Looks to Improve Oil Production Agreements Terms

ConocoPhillips Takes Over Operatorship of Malaysian Oil and Gas Cluster

VIDEO: AIRCAT Crewliner takes Shape to Service Offshore for TotalEnergies Angola

China's CNOOC Aims for Record Oil and Gas Production in 2025

AIRCAT 35 Crewliner Vessels Delivered to Service TotalEnergies Angola

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com