The head of energy watchdog OFGEM yesterday told MPs he is not getting a bonus this year as he apologised for moving too slowly to protect vulnerable gas and electricity consumers.
Dermot Nolan was accused at a parliamentary committee hearing of a “passive” approach to his job of regulating the market, which had led to millions of British gas and electricity customers paying a collective £1.2 billion in higher utility bills than otherwise would have been necessary.
The chief executive of the UK gas and electricity market regulator said he “regrets” not taking swifter action to cap payments by vulnerable people on power companies’ standard variable tariffs (SVTs).
11 Jan 2018
Q: Why should an already highly-paid civil servant be paid a bonus for doing his job well?
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11 Jan 2018
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