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flag UK government overhauls Ofgem energy regulator with new powers to ban bonuses.

flag The UK government announced major reforms to strengthen Ofgem, the energy regulator, giving it new powers to ban bonuses for executives who harm consumers. flag This is the first major overhaul since 2000, allowing Ofgem to enforce protections directly and bypass court processes. flag The changes also transfer oversight of home upgrade schemes to a new agency. flag 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. flag While consumer groups welcomed the move, industry representatives expressed concern that deeper structural issues remain.

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