Households paying £94 extra on energy bills because Ofgem was 'too slow to act', says watchdog

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Customers have picked up the £2.7bn cost of supplier failures at an extra £94 per household, the Public Accounts Committee says.

Ofgem's failure to effectively regulate energy suppliers since 2018 has"come at a considerable cost" to British households, a watchdog report has found.

The committee's report said around 29 energy suppliers have failed since July last year, which has subsequently affected some four million households. The PAC report concluded this was due to"Ofgem's failure to effectively regulate the energy supplier market".

Source: Energy Industry News (energyindustrynews.net)

 

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That’s because Ofgem are in the pockets of the energy providers! Needs to be disbanded

The government should have implemented their rescue package earlier, like the French did.

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