On 1 May 2012, Ofgem published a further consultation on proposals to improve the reporting transparency of large energy suppliers. Following the results of a consultation issued in January 2012, Ofgem has revised its proposals to improve ways in which large energy companies report information about profitability of different parts of their vertically integrated businesses. Ofgem’s aim is to make it easier for stakeholders to understand the profitability of Great Britain’s energy market and to increase confidence and competition in the market. Ofgem is inviting comments by 30 May 2012. Read more.