debt advice bureau
the best debt solution for you

FAQs | Features | Tools | News | Books | Newsletters | Links | Polls | Recommend Us | About Us | Home

YOU ARE HERE: Home > News > 2003 > More Choice for Energy Debtors

News

2005

2004

2003

More Choice for Energy Debtors

2002

2001

RSS

RSS feed available

More Choice for Energy Debtors

Energy suppliers have voted in favour of regulatory changes which could benefit up to one million customers in debt to their energy supplier.

Energy Regulator Ofgem asked suppliers to vote to accept the regulatory changes after a three month trial involving the major suppliers, including British Gas, Powergen, London Electricity, SWEB and Scottish and Southern, and will build on a protocol already agreed with suppliers.

The protocol, which will come into force next February, will bring an end to the problems faced by those customers on prepayment meters who have debts of up to £100 and want to transfer to another supplier.

In the past they have been prevented from moving to a new supplier because of the debt, which has meant that they’ve been unable to benefit from the competitive energy market. Now that barrier has been removed and these customers will be able to save money on their bills.

"Ofgem has been pressing energy suppliers for some time to widen the opportunity to switch and to make this change permanent", said Ofgem’s Managing Director of Customers and Supply, John Neilson. These changes demonstrate that Ofgem is committed to working with industry to remove barriers to consumers enjoying the benefits of the competitive market. I very much hope consumer groups will now work with Ofgem to publicise this new opportunity, so that many customers take advantage of this new chance to switch to a better deal".

 

    Related Links:

    Ofgem - Gas and Electricty Regulator

    uSwitch- Gas, Electricty, Home Telephone and Digital Television comparison service.

    Save on Your Bills - Save up to £150 on your bills.

 

 

Published Thursday October 30th 2003

Consolidation Loans | Debt Management | IVAs | Trust Deeds | Bankruptcy | FAQs | About Us | Features | Tools | Recommend Us | Home | USA
Copyright © Debt Advisory Network 2001-2005 | Terms of Use | Disclaimer | Privacy Policy | Contact Us
debtadvicebureau.org.uk is not responsible for the content of external internet sites.
All trademarks acknowledged. The guidance and/or advice contained within this website is subject to
the UK regulatory regime and is therefore primarily restricted to consumers based in the UK.