this regulator is absolutely worthless, i cannot think of one good or constructive thing it has achieved since its creation i can only remeber how many times they have defended the energy firms even though their remit is to protect the consumer. they continue to fail at the most basic level and the corruption was easy to see when they decided to increase prices 4 times a year instead of twice, wages only ever go up once a year, prices never come back down by any significant amount, last price drop gave me a reduction of just £8 for the year, Ofgem have failed in every aspect of their remit and have chosen to attack the consumer instead of the high profits by the energy producers, the separation of supply and production (on paper only) has allowed Ofgem and the energy firms to lie about the costs and suggest suppliers make little profit, but this is because the profits are made at the point of sale to the supply side it is a deliberate way to be able to avoid the normal accusations of profiteering even though they continue to profiteer it has just been moved to another part of the business to give Regulator another excuse to do nothing, just look at Centrica and British Gas. Example :British Gas generated 115 million British pounds in profits from domestic energy supply in 2022, Centrica posted a huge rise in first-half profit, Its adjusted operating profit for the first six months of 2022 rose to 1.34 billion pounds. Ofgem are part of the problem they have never been on the side of the taxpayers and hard working people of the UK they are just another layer of protection to ensure that energy firms make more profit.
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