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Government launches major review of Ofgem to boost its role as consumer champion

The UK government has initiated a comprehensive review of Ofgem, the energy regulator, to enhance its role as a consumer champion. This review, announced by Energy Security Secretary Claire Coutinho, aims to ensure that Ofgem can better protect consumers from high energy prices and improve overall market resilience. The review will assess Ofgem's capabilities in safeguarding vulnerable customers, promoting competition, and ensuring the energy market's stability. It will also look into how Ofgem can adapt to future challenges like the transition to net zero emissions, the integration of new technologies, and the evolving energy landscape. The government's move comes in response to criticisms regarding Ofgem's effectiveness in managing energy prices and protecting consumers during times of market volatility.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/government-launches-major-review-of-ofgem-to-boost-its-role-as-consumer-champion/ar-AA1w9s7Q ]