Ofgem considers regulation of energy price-reporting agencies If it found "gaps in the current approach of self-regulation" it would consider whether "any issues would be addressed by ongoing work overseen by other agencies." However, if it were clear that this was not the case we would need to carefully consider taking forward measures in this area, either by ourselves or if appropriate working with another relevant agency such as the Financial Conduct Authority. Most industry players have opposed proposals of formal regulation, leading a G20-commissioned report last year to suggest the benchmarking system should remain self-regulated. Ofgem also warns that more regulation could "reduce the willingness of parties to provide" information to the agencies because of perceived risk. It said: "Information is provided on a voluntary basis and the simplest way to mitigate this risk may be to withdraw cooperation and decline to provide it. This in turn can lead to a breakdown in the quality of the price assessment process, with negative consequences for the market and for consumers. Centrica, the owner of British Gas, does not submit gas price data to any price reporting agencies. It stopped in late 2010, declining to give any reason beyond that it was "part of group policy."