Job cuts risk distracting Ofgem ahead of market reforms

A depleted Ofgem will face the daunting task of overhauling regulation of the electricity market to boost investment in capacity and smart energy systems

Ofgem's expanding role in regulation of smart energy and other crucial market reforms could suffer as cuts bite. Photograph: Alandy/123RFDeep cuts and job losses at energy regulator Ofgem have been announced just as the agency is embarking on a demanding agenda of electricity market reforms.

The savings, announced by chief executive Dermot Nolan in The Telegraph on 29 May, will come partly through some 80 job losses, equivalent to a 9% reduction. Nolan is hoping to achieve this mainly through natural wastage.

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