Energy firms insist that stopping them from forcibly installing prepayment meters would cause a “significant” build up in bad debt that may have to be recouped from all customers’ bills by raising the price cap 🔎 The latest from deankirby_
Investigations CorrespondentEnergy firms insist that stopping them from forcibly installing prepayment meters would cause a “significant” build up in bad debt that may have to be recouped from all customers’ bills by raising the price cap.Business Secretary Grant Shapps said he was ordering the UK’s biggest gas and electricity firms to stop forcing families onto prepayment,
Mr Shapps pledged to crack down on “trigger happy” firms “mistreating” vulnerable customers” following an month’s long investigation byEnergy firms are fiercely at odds with the Government, arguing that they have already drastically increased the support they provide to customers this winter through millions of pounds of direct financial assistance, as well as offering payment holidays, restructured payment plans and emergency credit.
She said: “Suppliers also have a duty to manage debt and to try and prevent customers falling further into arrears. If the option to install a prepayment meter – after exhausting other options – is removed, then it needs to be acknowledged that this will lead to a significant increase in bad debt, which has already been rising steeply in recent months, and is ultimately recouped from customer bills.
Suppliers say they have already been discussing energy suppliers’ “growing concerns” about customers’ debts with Government ministers, Ofgem and consumer groups.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Government orders ban on energy firms forcing struggling families onto prepayment meters🔴 Breaking: Government orders UK’s biggest energy companies to stop forcing struggling families onto prepayment meters, pledging to crack down on “trigger happy” firms “mistreating” vulnerable customers ⬇️ It follows deankirby_'s investigation:
Lire la suite »
Energy firms charged just £22 for court warrants to force families onto prepayment metersThe costs for the energy firms to force families onto prepayment meters are set at £22 per warrant – with courts granting up to 1,000 at a time in hearings lasting only 20 minutes 🔴 deankirby_ investigates
Lire la suite »
Grant Shapps launches crackdown on energy firms forcing financially stretched households to switch to prepayment metersEnergy suppliers have been told they must stop the practice of forced fitting prepayment meters as the solution to families struggling to pay bills, and make greater efforts to offer additional credit, debt forgiveness or tools such as debt advice.
Lire la suite »
Crackdown on energy firms over rise in prepayment metersSuppliers not doing enough for vulnerable customers will be named and shamed, the government says.
Lire la suite »
Crackdown on energy firms over rise in prepayment metersSuppliers not doing enough for vulnerable customers will be named and shamed, the government says.
Lire la suite »
Labour pledge to 'extend' windfall tax to protect families from soaring energy billsRachel Reeves and Labour leader Sir Keir Starmer were at the World Economic Forum in Davos this week, where the party called for a 'clean power alliance' of countries to help bring down energy prices.
Lire la suite »