The government is preparing to replace a slate of Ofgem's directors this year as the energy regulator faces intense criticism over its handling of the prepayment meters scandal.
The Ofgem board currently comprises Professor Martin Cave, who will step down as chairman in October when his five-year term expires, a slate of independent directors and Jonathan Brearley, its chief executive. "The chair will be appointed by the Secretary of State for the Department for Energy Security and Net Zero who are overseeing the selection process."
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Ofgem considers fining firms and making them compensate customers over forced prepayment meter installationsThe energy regulator says suppliers should not wait for Ofgem to review them before acting to rectify breaches of rules around forced installation. That's the bare minimum. They should cover the cost of putting back the old meters, reimburse them for the overcharge, receive compensation damages and be fined several £millions and warned if they do it again the same will happen and the fine doubled and then doubled again etc What about them charging pre payment meter users higher tariffs? Why should they be punished just because they have a PPM? Ofgem considers means this toothless drain on our money won't do jack
Source: SkyNews - 🏆 35. / 67 Read more »