Ofgem puts in new safety net to safeguard consumers’ cash
Ofgem has today put in place a new safety net to protect consumers in the unlikely event their supplier goes out of business. Commenting on the news, Claire Osborne, energy expert at Uswitch.com, says: “With more and more energy suppliers entering the market, strong consumer protection measures must be in place.
“Our latest figures suggest that almost half of all energy customers are in credit to their energy provider, so it’s only right that this cash is protected in the unlikely event that a supplier goes out of business.
“We welcome today’s announcement from Ofgem, which will give customers even more confidence when shopping around for better deals.”
FOR MORE INFORMATION
Jason Wakeford
Phone: 0203 872 5612
Email: jason.wakeford@uswitch.com
Twitter: @UswitchPR
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