Questions over accuracy of Ofgem’s figures
Independent research from NERA has found Ofgem estimates have been consistently inaccurate since 2011 and by as much as 200%. This is despite Ofgem’s attempts to rectify the way they calculate their figures to make them more accurate. The figures at the heart of the dispute are the Supply Market Indicators (SMI) which represent a monthly estimate of costs and revenues for a typical large...read more