Ofgem stress tests for new suppliers
21 November 2018
Green Energy UK response
Further to Ofgem’s announcement regarding stress tests for new suppliers this morning, please find below Doug Stewart, Green Energy UK’s response. Doug was one of the first energy suppliers to call for this back in 2016.
"We welcome Ofgem’s proposed new stress tests for financial and customer service which we’ve been calling for since 2016. Stress tests for new entrants to the energy market are essential if we are to build consumer confidence in both suppliers and the market. This can’t happen soon enough given the number of suppliers that have failed in the interim period and the current shortfall in supplier payments into the FIT levelisation fund and the ROC buy-out fund.”