Skip to main content

Energy: Billing

Question for Department for Business, Energy and Industrial Strategy

UIN 78623, tabled on 3 November 2022

To ask the Secretary of State for Business, Energy and Industrial Strategy, if his Department will make an assessment of the potential merits of requiring energy companies to ringfence the credit balances of their customers to ensure that those balances are not lost in the event of an insolvency.

Answered on

8 November 2022

Ofgem, as the independent regulator of Great Britain gas and electricity markets examines ways to mitigate the impact of energy supplier insolvencies on consumers.

In June 2022, Ofgem published a consultation on options for protecting customer credit balances including ringfencing a proportion of credit balances, with the intention of a statutory consultation to follow.

Answered by

Department for Business, Energy and Industrial Strategy
Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.