Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to help ensure that Ofgem takes steps to ringfence customer credit balances to help prevent the costs of failed suppliers falling on customers again in the future.

Protecting customer credit balances is a matter for Ofgem and is part of their action plan to develop a package of measures to boost financial resilience in the energy retail market. Ofgem is currently engaging with stakeholders on a range of proposals on how best to tighten rules around credit balances, including a ringfencing mechanism.