The industry's trade association, Energy UK, has called for the watchdog to be stripped of some of its responsibilities after overseeing a dramatic increase in red tape that it claims has reduced growth and pushed up costs for households. In a report, the trade group noted that despite the government's plan to reduce the cost of regulation by 25% by the end of this parliament, Ofgem's headcount had been allowed to increase by 120% over the past 10 years while its budget grew by 200%.
As a company that takes great pride in being L.A. based, we no longer build within the city of Los Angeles because of the unpredictability, the cost of doing it [and] the multiple layers of bureaucracy you have to go through for approvals, Caruso said on stage. And I made that decision long before I ever ran for office [in 2022].