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Evening Standard

Business

Alex Daniel

Ofgem boss demands new powers to recoup cash when energy firms collapse

Ofgem Jonathan Brearley

Jonathan Brearley, the chief executive of Ofgem, speaking to MPs on Wednesday (House of Commons/PA) -

The boss of energy regulator Ofgem has called for more powers to make sure customers rather than investors get compensated when suppliers go bust.

Jonathan Brearley said shareholders of some firms “took advantage” of energy price spikes even after their companies had collapsed during the energy crisis.

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