What does Johnson’s US Open treatment have to teach regulators?
Dustin Johnson managed a magnificent win at Oakmont Country Club, Pennsylvania to win the US Open this weekend. As one of golf’s four majors this should be a story concentrating, alone, on the success of the immensely talented player from South Carolina. But the United States Golf Association (USGA), responsible for oversight of this competition, reduced the event to a farce and there are lessons to be learned for anyone involved in the design and delivery of regulatory pro
Energy firms overcharging customers, says Ofgem
Last week, Dermot Nolan, chief executive of Ofgem, said that for the majority of domestic customers, gas and electricity prices should be cheaper. Wholesale energy costs have fallen a third in the last year or so and make up nearly half of a domestic bill, but prices have not fallen. The major energy companies countered that there is a competitive market of more than thirty suppliers and that customers should switch for savings of hundreds of pounds. Yet in the 14 years si
