Regulator to get power to ban energy bosses bonuses under reforms
That's according to the Department for Energy Security and Net Zero Energy bosses could have their bonuses banned if they cause significant harm to consumers under reforms to strengthen regulatory powers, the Government has announced. Ofgem is to be “transformed” to strengthen protection for consumers, making it able to enforce faster redress for households let down by their supplier, the Department for Energy Security and Net Zero (Desnz) said. Executives will be “incentivised” to act […]
