Ofgem has announced toughened capital requirements for suppliers, as it looks to shore up the industry’s finances following the volatility of soaring gas prices last year and the domestic energy crisis which caused 30 firms to collapse. The watchdog has unveiled a new capital target for suppliers of £115 of net assets per customers, with a floor of zero pounds – to ensure suppliers are financially resilient in the face of future market shocks. The new rules will come in from March 2025 and will mean companies will be required…
