UK energy firms call for regulator Ofgem to be overhauled

Energy UK calls for Ofgem to be stripped of responsibilities, accusing it of overseeing rise in domestic bills and slowing economic growth

The UK's energy companies have called for a radical shake-up of the industry regulator, Ofgem, accusing it of overseeing a rise in domestic bills and slowing Britain's economic growth.

The industry's trade association, Energy UK, has called for the watchdog to be stripped of some of its responsibilities after overseeing a dramatic increase in red tape" that it claims has reduced growth and pushed up costs for households.