# UK energy regulator Ofgem is set for an overhaul.

*business · news · 2026-04-22 · Devdiscourse*

## Key points

- Ofgem will gain authority to enforce consumer law and block executive bonuses after its overhaul.
- Deutsche Telekom is considering merging with T-Mobile US via a new holding company structure.
- Lufthansa will cancel 20,000 flights between May and October to reduce fuel costs.
- Friends of the Earth Netherlands sued Shell to stop all new oil and gas projects.
- Revolut is targeting a $200 billion valuation for its planned stock market debut.

**Companies:** Deutsche Telekom, Shell, Lufthansa, T-Mobile US, Revolut
**Countries:** UK, Germany, Netherlands, US

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/headlines/3882542-major-moves-financial-shifts-in-europes-big-players)

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