US EditionNew Supplier of Last Resort Ofgem Rules Mean Failed Energy Firms Must Pay Customer Transfer Costs – What Is It
- UK households will gain stronger protection from costs if their energy supplier fails, according to the energy regulator, Ofgem.
- Ofgem's new Supplier of Last Resort rule holds failed suppliers accountable for costs related to customer transfers.
- Tim Jarvis from Ofgem stated that shareholder benefits will be delayed until customer costs are covered.
- Ofgem's reforms aim to protect consumers and improve the financial security of energy suppliers after numerous firms collapsed during the energy crisis.
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24 Articles
24 Articles
Evening Standard+7 Reposted by 7 other sources
Households to be shielded more from failed energy supplier costs, says watchdog
Ofgem said it is launching a new rule which will make failed suppliers liable for the costs of transferring their customers to new firms.
·London, United Kingdom
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Total News Sources24
Leaning Left3Leaning Right0Center13Last UpdatedBias Distribution81% Center
Bias Distribution
- 81% of the sources are Center
81% Center
L 19%
C 81%
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