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United Kingdom · Question · Written question

UIN 154444

Energy Supply

answeredUnited Kingdom· UK Parliament· EN

Introduced

14 April 2022

Last action

26 April 2022 · Answer

Status

Answered

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Subjects

Energy

Source updated

26 April 2022

Energy

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

  1. 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

  2. 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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