supplier of last resort
The energy regulator has extended the temporary Last Resort Supply Payment process due to market concerns, responding to mixed feedback from energy suppliers
These households remain stuck with energy suppliers they didn’t choose due to previous provider bankruptcies, resulting in lower satisfaction rates, according to a report
The energy regulator seeks industry feedback on reverting to single-claim process and implementing internal audits for Last Resort Supply Payments
Energy firms will be required to maintain a capital target of £130 adjusted net assets per dual fuel customer from 2025
OVO Energy’s reported move has the potential to elevate its standing to that of Britain’s second-largest energy supplier
The energy regulator has reportedly awarded 13 consulting contracts to assist with Supplier of Last Resort payments
The supplier has taken on half a million new customers from failed suppliers
Delta Gas and Power failed to pay funds to support renewable energy generation
Britons have been left to foot the bill for the £2.7 billion cost because of Ofgem’s failures, the Public Accounts Committee has concluded
Alternative ways of recovering the cost of supplier failure could negatively affect vulnerable customers, Ofgem has concluded