Jonathan Brearley UPS Citi Action Jonathan Brearley

Ofgem must live up to vows to protect money of energy consumers

Reading now: 382
theguardian.com

The energy regulator Ofgem would like you to believe its new measures to ringfence customers’ deposits are “tough”. They certainly ought to be.

About £400m of customer money evaporated with the failure of 28 energy suppliers since last September – the coffers only refilled via a charge on all households.Unfortunately, the regulatory boast of toughness looks premature.

Read more on theguardian.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA