PARLIAMENTARY WRITTEN QUESTION
Utilities (2 March 2022)
Question Asked
To ask the Secretary of State for Business, Energy and Industrial Strategy, how are new providers selected following the collapse of an energy supplier.
Asked by:
David Mundell (Conservative)
Asked by:
David Mundell (Conservative)
Answer
The Government and Ofgem will ensure customers do not experience any disruption to their supply when a company leaves the market. The Supplier of Last Resort (SoLR) process is triggered by Ofgem when a supplier becomes insolvent. Ofgem invites suppliers to bid to be the SoLR and chooses the supplier that will offer the best value for consumers, this includes ensuring the protection of customer credit balances.
Answered by:
Greg Hands (Conservative)
14 March 2022
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