Energy Supply
(asked on 20th December 2022) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will take steps with Ofgem to introduce minimum capital requirements on energy suppliers before 2025.
This question was answered on 12th January 2023
This is a matter for Ofgem, which is currently consulting on proposals for setting a minimum capital requirement for all domestic suppliers.
The consultation can be found at: https://www.ofgem.gov.uk/publications/statutory-consultation-strengthening-financial-resilience.