At a time when transparency and accountability are more important than ever, we welcome Ofgem’s continued focus on improving energy broker standards across the market.

While their recent decision rejected a specific proposal to implement an accreditation scheme under the Retail Energy Code (REC), it’s clear that wider reforms are on the horizon. As an honest energy broker, we believe that’s a step in the right direction.

Why the Proposal Was Introduced

The proposed change aimed to formally accredit Third Party Intermediaries (TPIs), such as energy brokers, through the REC. The goal was to ensure that brokers operate fairly, transparently, and in the best interests of businesses seeking help with energy procurement.

Ofgem’s Decision

Ofgem ultimately decided not to implement the scheme, stating that the REC is not the appropriate vehicle for such regulation. They believe that establishing a robust and enforceable accreditation process requires broader policy development, potentially even new legislation, rather than simply amending existing industry codes.

What’s Next?

While the proposal was rejected, Ofgem has reaffirmed its commitment to improving standards across the energy broker and consultancy landscape. They’re now looking at more comprehensive reforms, including direct regulation of energy brokers and TPIs.

Brownlow’s Perspective

As a long-standing, honest energy broker, we’re pleased to see serious attention being paid to the regulation of TPIs. Businesses deserve clear, trustworthy advice when navigating the energy market, and we support any efforts that help raise industry standards and protect end users.

Our clients already benefit from our transparent, ethical approach. We believe that future reforms will only reinforce the value of working with brokers who prioritise integrity and accountability.

For full details, you can read Ofgem’s decision here.