Ofgem gets tough on liquidity

March 2010
Utility Week;3/5/2010, Vol. 32 Issue 8, p8
Trade Publication
The article reports on the move of the British Office of Gas and Electricity Markets (Ofgem) to give the electric industry a year to sort its liquidity problem by itself, or the agency will impose a solution for the problem. The low liquidity of many small firms are said to be the reason why they cannot enter the nation's electricity supply market. The options of Ofgem for an imposed solution include a supplier obligation, a market-making agent, mandatory auctions, and self-supply restrictions.


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