Ofgem boss finally accepts the UK’s energy rules need a rewrite

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Regular should have granted licences only to financially prudent suppliers – and now the cost falls to everyone

Photograph: AlamyPhotograph: Alamyt wasn’t an admission of regulatory failure, more a statement of the bleedin’ obvious, but at least Jonathan Brearley, the chief executive of Ofgem, is finally acknowledging that the rules of the retail energy game require an urgent rewrite. In a speech on Thursdaythe energy regulator would “need to build an energy market that is more resilient to shocks”. You bet.

 

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Speaking of rewrite, literally the first word of your sub headline is a typo

We can only hope a few Tory donors got their fingers burnt in these start ups

Bingo a light bulb moment. 💡

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