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Ofgem has published its final decision regarding it approach to licensing suppliers and have now made the Electricity (Applications for Licences, Modifications of an Area and Extensions and Restrictions of Licences) Regulations 2019, SI 2019/1023 and Gas (Applications for Licences and Extensions and Restrictions of Licences) Regulations 2019, SI 2019/1024 and published a final application guidance document, which sets out, among other information, the application processing time periods. The decision forms part of Ofgem's new approach to licensing suppliers, to raise standards for supplier financial resilience and customer service. SI 2019/1023 and SI 2019/1024 both come into effect on 5 July 2019. See: LNB News 19/06/2019 76.
Regulation (EU) 2019/941 of the European Parliament and of the Council of 5 June 2019 on risk-preparedness in the electricity sector and repealing Directive 2005/89/EC, Regulation (EU) 2019/942 of the European Parliament and of the Council of 5 June 2019 establishing a European Union Agency for the Cooperation of Energy Regulators, Regulation (EU) 2019/943 of the European Parliament and of the Council of 5 June 2019 on the internal market for electricity, and Directive (EU) 2019/944 of the European Parliament and of the Council of 5 June 2019 on common rules for the internal market for electricity and amending Directive 2012/27/EU have been published in the Official Journal. See: LNB News 14/06/2019 55.
Ofgem has launched a consultation that seeks views from key stakeholders and consumers on its draft Consumer Vulnerability Strategy 2025, which aims to safeguard vulnerable consumers by outlining five areas where it believes that the energy industry should focus on to keep consumers abreast of the changes currently underway due to
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