UK Energy Reforms Could Stifle Growth

Ofgem’s flurry of reforms to the energy sector could stop new ideas from entering the market and improving outcomes for customers, warned the boss of challenger supplier Good Energy. Chief executive Nigel Pocklington feared the watchdog is “overcompensating” following heavy criticism from charities such as Citizens Advice and parliamentary committees over its handling of the energy crisis, which has seen 30 suppliers collapse in the past 18 months. This includes the collapse of Bulb Energy into de-facto nationalisation for over…