Ofgem's unwelcome Christmas gift to Co-operative Energy customers

Ofgem, the scourge of overcharging energy companies everywhere, has decided, in its infinite non-wisdom, that the dividend, beloved of co-op customers for generations, has no place in the 'regulated' energy market. Co-operative Energy, a not-for-profit gas and energy provider - of the sort that is really needed to ensure genuine competition in a decidedly non-competitive sector - has been ordered by Ofgem to stop paying dividends to Co-operative members that sign up for its services but who have no 'democratic connection' with Co-operative Energy's owner, the Midcounties Co-operative. Evidence of a rather parochial approach by the industry regulator, while it lets the 'big six' carry on regardless with their cosy price-fixing ways.