Energy companies found to be clawing in more than they should from customers will face substantial fines, according to the business secretary, as energy bills continue to shoot up
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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