Chief executive says more suppliers likely to fail this winter, and admits more focus on risk is needed
The energy regulator, Ofgem, has admitted that it needs to pay more attention to the potentially risky business models of small suppliers, amid a wave of company failures caused by whipsawing gas prices.
Speaking at an annual conference held by the trade body Energy UK, Ofgem’s chief executive, Jonathan Brearley, said it was likely that more suppliers would fail, adding to the 12 that have gone under this year.
