Statutory Consultation: Strengthening Financial Resilience - ringfencing customer credit balances and introducing a minimum capital requirement

Related links

• Decision on Introducing a Minimum Capital Requirement and Ringfencing Customer Credit Balances by Direction
• Decision on Strengthening Financial Resilience
• Statutory Consultation - Strengthening Financial Resilience

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Following our consultation in November 2022, we are publishing a further statutory consultation on our proposals to introduce the power to direct CCB ringfencing and a minimum capital requirement for all domestic suppliers.

The modifications we are proposing are set out in the subsidiary documents.

We would welcome any responses to the proposed changes as part of this consultation, which closes on 5 May 2023.

Respond name

David Hall

Respond email

retailfinancialresilience@ofgem.gov.uk

Main document

[Further Statutory Consultation: Strengthening Financial Resilience – introducing a Minimum Capital Requirement and Ringfencing CCBs by Direction [PDF, 549.96KB]

](https://www.ofgem.gov.uk/sites/default/files/2023-04/Strengthening%20Financial%20Resilience%20-%20April%20Statutory%20Consultation.pdf)

Subsidiary documents

[Revised impact assessment of Strengthening Financial Resilience proposals [PDF, 1.68MB]

](https://www.ofgem.gov.uk/sites/default/files/2023-04/Revised%20impact%20assessment%20of%20Strengthening%20Financial%20Resilience%20%20%281%29.pdf)

[Revised impact assessment model [XLSX, 515.62KB]

](https://www.ofgem.gov.uk/sites/default/files/2023-04/Revised%20impact%20assessment%20model.xlsx)

[Statutory Consultation Notice CCB SLC 4D - Elec [PDF, 203.79KB]

](https://www.ofgem.gov.uk/sites/default/files/2023-04/Statutory%20Consultation%20Notice%20CCB%20SLC%204D%20-%20ELEC.pdf)

[Statutory Consultation Notice CCB SLC 4D - Gas [PDF, 204.31KB]

](https://www.ofgem.gov.uk/sites/default/files/2023-04/Statutory%20Consultation%20Notice%20CCB%20SLC%204D%20-%20GAS.pdf)

[Statutory Consultation Notice SLC 4B - Elec [PDF, 193.79KB]

](https://www.ofgem.gov.uk/sites/default/files/2023-04/Statutory%20Consultation%20Notice%20SLC%204B%20-%20ELEC1680632814671.pdf)

[Statutory Consultation Notice SLC 4B - Gas [PDF, 204.25KB]

](https://www.ofgem.gov.uk/sites/default/files/2023-04/Statutory%20consultation%20SLC%204B%20-%20GAS.pdf)

[Guidance on the Operational Capability and Financial Responsibility Principles [PDF, 381.54KB]

](https://www.ofgem.gov.uk/sites/default/files/2023-04/FRP%20Guidance%20for%20consultation%20on%2005%20April%202023%20v4%20CLEAN.pdf)

[Investor Community Call Transcript [PDF, 251.40KB]

](https://www.ofgem.gov.uk/sites/default/files/2023-04/Strengthening%20Financial%20Resilience%20-%20IR%20call_2023-04-051681395811779.pdf)

[Investor Community Call Presentation [PDF, 374.74KB]

](https://www.ofgem.gov.uk/sites/default/files/2023-04/2023-05-04%20Investor%20Relations%20FRC_.pdf)

Response documents

[Non-Confidential Consultation Responses [ZIP, 5.36MB]

](https://www.ofgem.gov.uk/sites/default/files/2023-07/Non-confidential%20responses.zip)

Related links

• Decision on Introducing a Minimum Capital Requirement and Ringfencing Customer Credit Balances by Direction
• Decision on Strengthening Financial Resilience
• Statutory Consultation - Strengthening Financial Resilience

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