Ofgem will set improvement plan for firms showing signs of financial weakness as market prices soar
UK energy suppliers will face new financial stress tests from January as part of a series of plans from the industry regulator to boost the sector’s resilience after rocketing market prices for gas and electricity caused dozens to collapse.
Ofgem will test providers against a range of scenarios and set an improvement plan for companies showing signs of financial weakness that could put their customers at risk.
