Property News · January 10, 2018

Regulator sorry for not capping UK consumers' energy bills sooner


Ofgem chief Dermot Nolan to not receive bonus as MPs liken him to ‘a bystander, rather than active participant in the market’The head of the UK energy regulator has said he will not receive his bonus, under pressure from MPs who accused him of being a passive bystander and failing to prevent millions of customers from paying over the odds.Dermot Nolan said he would not get his £15,000 bonus this year as he admitted had not acted quickly enough to help households get off the most expensive tariffs or impose price protections for them. Continue reading…

Source : theguardian.com
Read more…Regulator sorry for not capping UK consumers’ energy bills sooner