Ofgem will set out its thinking on its revised approach to licensing and regulating suppliers at an industry meeting on 21 June.
After a spate of company failures, Ofgem decided it needed to raise standards around suppliers’ financial resilience and customer service, first for new entrants and then for existing companies in the sector. It is also considering how to improve arrangements for managing supplier exit. The regulator plans to publish a working paper this month.
At the workshop it aims to hear views on the options being considered to increase ongoing scrutiny and oversight of suppliers already operating in the retail energy markets.