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United Kingdom · Question · Written question

UIN 35694

Energy Supply: Costs

answeredUnited Kingdom· UK Parliament· EN

Introduced

19 July 2021

Last action

27 July 2021 · Answer

Status

Answered

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Subjects

Energy

Source updated

27 July 2021

Energy

Summary

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the extent of the risks to consumers of energy suppliers failing in the context of recent increases in wholesale energy costs.

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Timeline

  1. 19 July 2021

    Written question

    To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the extent of the risks to consumers of energy suppliers failing in the context of recent increases in wholesale energy costs.

    Source: Commons

  2. 27 July 2021

    Answer

    When an energy supplier becomes insolvent, for whatever reason, Ofgem revokes the supplier’s licence, and appoints another supplier to quickly take over serving the customers, via the Supplier of Last Resort (SoLR) process. Customer credit balances are pr...

    Source: Written answer

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