Energy brokers could come under Ofgem oversight under new Bill

On 4 November 2026 the government introduced the Energy Independence Bill in the House of Commons. One measure would bring energy brokers, price comparison services and other intermediaries under direct Ofgem oversight. This is a Bill, not a rule already in force: it has had its first reading, and no start date for the proposed regime has been announced.

What would change

Ofgem would be able to set standards for intermediaries, require authorisation, monitor conduct, impose fines, order redress and ban serious offenders. The government cites pressure selling, hidden or excessive commissions and mis-sold energy contracts. The proposed regime covers the UK energy market.

What the estimates mean

A government factsheet estimates potential savings for small businesses of more than £300 million over the next decade from lower excessive commissions and fewer mis-sold contracts. This is a forecast, not money already saved or a payment promised to individual firms. A separate government press release estimates possible savings for businesses more broadly of around £100 million a year; the population and period differ between these estimates.

What businesses can do now

Before renewing a gas or electricity contract, ask the broker for the full price, term, exit conditions and amount or calculation method of its commission. Compare the offer with a direct supplier quote and keep the terms in writing. If an intermediary says the new Ofgem regime already applies, check the Bill's stage on the Parliament website. The Bill currently sets no new application deadline or mandatory step for small businesses.

Official sources: DESNZ factsheet; government announcement; Bill progress.