Insolvency

(asked on 26th November 2021) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether there is a threshold for the number of customers a company must have to be entered into the Special Administration Regime, rather than using the Supplier of Last Resort mechanism.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 6th December 2021

There is no set threshold at which a company would be entered into a Special Administration Regime. Ofgem consider the specifics of the failed supplier and the circumstances in the supply market at the time. If Ofgem considers a Special Administration Regime appropriate, it may make an application to the Court for a decision, with the consent of the Secretary of State.

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