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UK government overhauls Ofgem energy regulator with new powers to ban bonuses.
The UK government announced major reforms to strengthen Ofgem, the energy regulator, giving it new powers to ban bonuses for executives who harm consumers.
This is the first major overhaul since 2000, allowing Ofgem to enforce protections directly and bypass court processes.
The changes also transfer oversight of home upgrade schemes to a new agency.
Energy Secretary Ed Miliband called the measures "tough and fair," while interim Ofgem chief Tim Jarvis said the changes are essential to keep pace with a rapidly evolving energy system.
While consumer groups welcomed the move, industry representatives expressed concern that deeper structural issues remain.
El gobierno del Reino Unido reforma el regulador de energía Ofgem con nuevos poderes para prohibir las bonificaciones.