It is Ofgem’s task to enforce and supervise the licensees’ compliance with their licence conditions.
We have developed an annual regulatory reporting pack similar to that developed for the eectricity distribution companies. This will improve the quality of our information on cost, revenue, incentive and output reporting and will help us to monitor performance and set future price controls and incentives.
We expect the licensees to provide accurate, complete and timely information and we will routinely publish this information.
The licence conditions implementing came into force on 1st April 2007 and details of the first report published in January 2008.
The historic Regulatory Accounts and Statutory Accounts of Licensees are accessible on the individuals company's website.