Consultation on Ofgem’s Prosecution Policy Statement for Criminal Offences

Publication date
2nd July 2015
Closing date
25th September 2015
Policy area
Status

We issued revised Enforcement Guidelines and a new Statement of Policy in relation to financial penalties and consumer redress in 2014.

Following consultation, we issued revised Procedural Guidelines and a revised Penalties Statement in respect of REMIT. REMIT is an EU regulation on wholesale energy market integrity and transparency that defines and prohibits market abuse in wholesale energy markets.

We consulted on our Criminal Prosecution Policy Statement from July to September 2015. The consultation attracted 7 responses. Minor drafting changes were made as a result and we published a letter to stakeholders explaining the changes on 29 February 2016.

We published our finalised Criminal Prosecution Policy Statement on 29 February 2016 and it came into immediate effect.