Consultation on changes to Ofgem's guidance on applying for a gas or electricity licence
- Closed (awaiting decision)
- Closed (with decision)
In our December action plan, we set out our approach to strengthening our regulatory regime for supplier financial resilience so that risks are not passed on inappropriately to consumers.
In the next step of realising this action plan, today we are consulting on our proposed changes to the licence application guidance that are of particular relevance to applicants for a supply or shipping licence. Notably, we have proposed changes to aspects of the guidance which clarify the scope of relevant persons to be disclosed in an application, how we assess an applicant’s experience and capability to manage financial risks, and that enhance our risk assessment criteria (these link to point 7 of the December action plan).
This updated version of the guidance also seeks to provide additional clarity on the types of information that is required to demonstrate suitability to hold a licence.