Ofgem to probe British Gas switching terms

UK

[ad_1]

LONDON Britain’s energy market regulator Ofgem has launched an investigation into British Gas’ switching terms, it said on Thursday.

The inquiry will examine whether Centrica-owned (CNA.L) British Gas breached licence conditions relating to its obligations to domestic customers who switch to another supplier.

The inquiry comes after consumer affairs website Moneysaving Expert raised concerns about the issue, Ofgem said in a statement.

Ofgem licence conditions state that suppliers should not charge termination fees for any switch that takes place within the 49-day “switching period” before the expiry of a fixed-term contract, the regulator said.

(Reporting by Nina Chestney; editing by Jason Neely)

[ad_2]

Source link

Loading...

Articles You May Like

Philippines receives Sinovac’s COVID-19 vaccine after delays
Burning smell, slightly hazy conditions in parts of Singapore; NEA says hotspot detected in Johor
China says will deter Taiwan independence but seek peaceful ties
Singapore’s COVID-19 cases cross 60,000 mark with 9 new imported infections
Vaccine exporter India says it has plenty of shots for its own people

Leave a Reply

Your email address will not be published. Required fields are marked *