Energy: Debts

(asked on 18th January 2019) - 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 make an estimate of the total debts owed by domestic energy suppliers that have ceased trading in each year since 2010.


Answered by
 Portrait
Claire Perry
This question was answered on 24th January 2019

The debts from a company that ceases to trade are matter for the company, their creditors and, in the case of insolvency, the appointed administrators. The Department is not in a position, therefore, to be able to estimate these debts.

Ofgem, the sector regulator, deals with any unpaid industry obligations, working with administrators as necessary. Ofgem also operates the Supplier of Last Resort process that has been put in place by the Government. This ensures that customers do not experience any disruption to their supply when a company ceases trading, and limits the impact on the wider market.

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