regulator
Ofgem has confirmed that the scheme will be available as a last resort option
The move will save UK consumers money on their bills over the 45-year cost period
The firm overcharged around 4,400 of its customers on their default tariff energy bills
The water regulator says returns on invested capital will be capped at a rate of 5.02%, down from the current limit of 6.64%
Ofgem said the supplier must make the necessary payment immediately or face further action
The regulator says the move is intended to protect consumers and the wider energy market
The regulator has consulted on 12 requests for additional funds by network companies for adjustments in their funding
The supplier provided around 280 businesses with their electricity – now it has ceased to trade, Ofgem will choose a new supplier to take on its customers
The energy supplier will have to make a total payment of £390,000 after charging customers above the price cap
The regulator has launched a consultation to find out how best to look after energy customers as the market undergoes ‘fundamental changes’
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