Regulator criticised because it will only ‘closely’ monitor suppliers’ use of credit balances
The energy regulator has strengthened its rules to shield households after taxpayers had to pick up a £9.2bn bill when suppliers went bust – but it was criticised for failing to protect consumer deposits.
Ofgem has announced a package of reforms designed to bolster consumer protection and ensure energy suppliers are more resilient to market shocks.
​Regulator criticised because it will only ‘closely’ monitor suppliers’ use of credit balancesThe energy regulator has strengthened its rules to shield households after taxpayers had to pick up a £9.2bn bill when suppliers went bust – but it was criticised for failing to protect consumer deposits.Ofgem has announced a package of reforms designed to bolster consumer protection and ensure energy suppliers are more resilient to market shocks. Continue reading…Â
