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Statutory Consultation: Strengthening Financial Resilience - ringfencing customer credit balances and introducing a minimum capital requirement

Consultation

Upcoming
Open
Closed (awaiting decision)
Closed (with decision)

Publication date

5 April 2023

Closed date

6 May 2023

Industry sector

Supply and Retail Market

Decision

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

Following our consultation in November 2022, we are publishing a further statutory consultation on our proposals to introduce the power to direct CCB ringfencing and a minimum capital requirement for all domestic suppliers.

The modifications we are proposing are set out in the subsidiary documents.

We would welcome any responses to the proposed changes as part of this consultation, which closes on 5 May 2023.

Respond name

David Hall

Statutory Consultation: Strengthening Financial Resilience - ringfencing customer credit balances and introducing a minimum capital requirement

Publication date

Closed date

Industry sector

Related links

Decision

Respond name

Respond email

Main document

Subsidiary documents

Response documents

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Ofgem is the Office of Gas and Electricity Markets.