The voice of the energy industry

Energy UK responds to Ofgem's proposed new tests for licensing energy suppliers announcement

Responding to Ofgem's proposed new tests for licensing energy suppliers announcement today, Energy UK's chief executive, Lawrence Slade said:

“Given such a challenging financial situation in the retail market with the proposed price cap and rising wholesale prices, it is vital that Ofgem moves quickly on the new financial and customer service tests for new entrants. With robust checks in place for suppliers entering the market, consumers will be protected from unsustainable business models and poor customer service. With over 70 suppliers operating in the market, it is important that consumers feel confident in switching and trust their supplier and continue to reap the benefits of the ever-increasing competition and innovation.”

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