New energy suppliers face tougher checks from today
Several energy suppliers, including Brilliant Energy, Our Power, Economy Energy, Spark Energy, Extra Energy, Future Energy and Iresa Energy have stopped trading in the last 18 months.
In November 2018, energy regulator Ofgem launched a consultation on tightening checks on energy suppliers due to concerns about poor customer service and financial instability. In April, it announced it would introduce new, tougher tests to come into force today.
Martin Lewis, founder and chair of MoneySavingExpert.com, previously called for “better quality control” of which firms are given licences.
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