Energy firms investigated over claims of direct debit rip-off

Canada News News

Energy firms investigated over claims of direct debit rip-off
Canada Latest News,Canada Headlines
  • 📰 The Times
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 59%

Energy suppliers face “substantial fines” as regulators begin an urgent investigation into claims they are ripping off customers by inflating direct debits to ease cashflow problems

Kwasi Kwarteng, the business secretary, said companies had three weeks to respond to allegations of “completely unacceptable behaviour” relating to unjustified direct debit increases.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

The Times /  🏆 71. in UK

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Energy firms have three weeks to justify direct debit hikes, Kwarteng warnsEnergy firms have three weeks to justify direct debit hikes, Kwarteng warnsBusiness secretary says Ofgem has issued compliance reviews after suppliers used cash to ‘prop up finances’
Read more »

Energy suppliers face three-week deadline in review over direct debit rip-off hikesEnergy suppliers face three-week deadline in review over direct debit rip-off hikesEnergy suppliers face a three-week deadline to explain 'completely unacceptable behaviour' over direct debit hikes or face 'substantial fines', Business Secretary Kwasi Kwarteng has warned.
Read more »

Boris vows to slash energy bills by building nuclear reactor every yearBoris vows to slash energy bills by building nuclear reactor every yearBORIS Johnson vowed to get people’s energy bills down by building a nuclear reactor every year as he gears up for this week’s local elections. The PM was yesterday on the campaign trail in Hartlepo…
Read more »

Energy bills: Does turning off radiators save money?Energy bills: Does turning off radiators save money?ENERGY price cap adjustments could leave Britons up to £630 worse off this year, as Ofgem allows firms to avoid a blow from sky-high wholesale prices by hiking their customers' bills. Does turning off radiators save money?
Read more »

Ofgem spends millions on advice as it battles soaring UK energy costs\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Read more »

Energy bills: Suppliers face crackdown for raising direct debits 'beyond what is required'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.
Read more »



Render Time: 2025-03-30 03:42:48