Alastair Buchanan, Chief Executive, Ofgem
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Ofgem: 'Energy prices went up faster than costs'

The energy regulator Ofgem has said power supply companies have been failing consumers and has announced a "radical" overhaul of the industry.

Alastair Buchanan, chief executive of Ofgem, said there had been a profound loss of confidence in energy companies.

  • 21 Mar 2011