Decision on new guidance document for gas or electricity licence applicants
Decision
- Publication date
- Industry sector
- Supply and Retail Market
- Generation and Wholesale Market
In February as part of our action plan we consulted our on our approach to strengthening our regulatory regime for supplier financial resilience so that risks are not passed on inappropriately to consumers.
We are now proceeding with changes to the licence application guidance that are of particular relevance to applicants for a supply or shipping licence. Notably, we will enact changes to aspects of the guidance which clarify the scope of relevant persons to be disclosed in an application, how we assess an applicant’s experience and capability to manage financial risks, and that enhance our risk assessment criteria (these link to point 7 of the December action plan).
This updated version of the guidance seeks to provide additional clarity on the types of information that are required to demonstrate suitability to hold a licence.
1 August 2024
Please note that the 'Applying for a gas or electricity licence' guidance document which can be found below has been updated on 1 August 2024 following a change in bank details for licensing fees.