The energy price cap rose to its highest level on record in April and is tipped to go further upwards this autumnThe business secretary has revealed that household energy suppliers are facing a crackdown on direct debit payment demands as customers grapple with record bills for gas and electricity.
Kwasi Kwarteng said on Twitter that"some" companies had been increasing direct debit payments"beyond what is required" and regulator Ofgem had launched a compliance review. The issue came to a head in March, ahead of the near-£700 hike in the price cap, when the consumer campaigner Martin Lewis told MPs that some companies hadThe founder of moneysavingexpert.com described the move as a breach of the rules and claimed it was happening across the board.in wholesale gas costs last year, was blamed for the failure of dozens of energy suppliers as they could not pass on the steep rises in costs they were being forced to swallow.
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gmb Action that reduces the CHARGES IN HOME ENERGY BILLS is welcome, Kwartengs 'intervention' on over inflated bills can be seen as an attempt to divert attention from this Tory government's (Boris's) refusal to apply a WINDFALL TAX TO DISGUSTING PROFITS OF ENERGY PRODUCERS!
But what do you think are the realistic chances of then being found guilty of doing it? This is just political populism. Say what they want to hear, do nothing.
Mine went from £33 to £89 just for electricity with SSE. Now have £130 credit on my account but the direct debit hasn’t change.
Cap the prices. Then nationalise all the renewables which we paid for anyway 🤨
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