Decision on introducing a minimum capital requirement and ringfencing customer credit balances by direction


Publication date

Industry sector

Supply and Retail Market

Licence type

  • Electricity Supply Licence
  • Gas Supplier Licence

Decision to introduce common minimum capital requirements for domestic suppliers and modify the licence so that Ofgem can direct suppliers to ringfence customer credit balances when in the consumer interest.

These reforms are part of a package of measures to build the capitalisation of the sector, enhance resilience to external shocks and put the retail market on a solid foundation to deliver the innovation, high standards and consumer outcomes needed to achieve our principal objective: to protect the interests of existing and future consumers.

This page has been updated to include the Erratum Notice for SLC 4B that was issued on the 20th September 2023.