Energy crisis not failure of regulation, says Ofgem boss
The boss of the regulator tells the BBC no one could have predicted the sharp rise in gas prices. …
Larger suppliers, including Centrica owned-British Gas, have agreed to take on hundreds of thousands of marooned customers, but expect the cost of doing so to be recouped in a mechanism that Ofgem described as “tried and tested” but which bigger companies say is not designed for the mass failures we are now seeing.
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