United Kingdom · Question · Written question
UIN 154444
Energy Supply
Introduced
14 April 2022
Last action
26 April 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Energy
Source updated
26 April 2022
Summary
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps (a) his Department and (b) Ofgem have taken to mitigate the future risk of mutualisation of the cost of customer credit balances in the event of supplier failure.
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Timeline
14 April 2022
Written question
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps (a) his Department and (b) Ofgem have taken to mitigate the future risk of mutualisation of the cost of customer credit balances in the event of supplier failure.
Source: Commons
26 April 2022
Answer
On 15 December 2021, Ofgem announced an Action Plan to develop a package of measures to boost financial resilience in the energy retail market. Since then, they have taken several immediate actions to improve financial resilience. On mutualisation of the ...
Source: Written answer
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Sponsors
- · Department for Business, Energy and Industrial Strategy · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2022-04-14/154444
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1457325
- uk · wq-1457325 · source updated 26 April 2022