Ofgem regulates only where necessary to protect consumers’ interests and we carefully consider whether any regulatory requirement we are proposing to introduce is proportionate and necessary to protect consumers.
We prioritise all work within a cost control regime that pegs its expenditure growth at three percentage points below the retail price index.
We are committed to setting out the costs and benefits, as well as the social and environmental impacts of all major decisions, through Impact Assessments.
As part of our better regulation work Ofgem develops an annual Simplification Plan to help reduce the burden of administration while ensuring consumer protection.