By News on the Net -- NetZero Watch—— Bio and Archives--June 9, 2023
London - Rather than restoring Ofgem as a consumer champion, Rishi Sunak’s government is actually weakening the regulator’s ability to protect consumers against the unreasonable costs of the UK’s poorly designed and extremely expensive climate change policies. This is, quite simply, a deplorable mistake and will store up horrifying problems for future governments, to say nothing of the serious harm it will do to household wellbeing and the competitiveness of UK businesses.
As long ago as 2017, we pointed out that the regulator of the Office of Gas and Electricity Markets (Ofgem) had been systematically transformed from a defender of the energy consumer interest into a supine part of the climate policy delivery mechanism, a point we reinforced in a more recent article (The Decline and Fall of Britain’s Energy Regulator).
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