Environment & Climate
UK energy independence bill targets mis-selling by suppliers and brokers
The Guardian reports the government's energy independence bill would give Ofgem new fining, compensation and banning powers.
The short version
- The UK government plans to introduce an energy independence bill on Wednesday to tackle mis-selling.[The Guardian]
- The bill would let Ofgem order compensation, impose fines and ban operators that push businesses and households into costly contracts.[The Guardian]
- Executive bonuses could be curtailed when suppliers or brokers break the rules, with savings of over £100m a year expected.[The Guardian]
- Friends of the Earth disputes the fracking moratorium's scope, calling low-volume exemptions a backdoor route.[The Guardian]
Key facts
- The UK government will introduce the energy independence bill on Wednesday.[The Guardian]
- The bill would give Ofgem powers to order compensation, impose fines and ban rogue operators.[The Guardian]
- Executive bonuses would be curtailed when suppliers and brokers break the rules.[The Guardian]
- The move is expected to save businesses more than £100m a year from hidden commissions and mis-selling.[The Guardian]
- The bill would introduce a moratorium on new onshore fracking licensing in England.[The Guardian]
- Friends of the Earth's Tony Bosworth described low-volume fracking exemptions as a backdoor route.[The Guardian]
What remains uncertain
- The £100m annual savings figure is an expectation rather than a measured outcome.[The Guardian]
- Friends of the Earth disputes the fracking moratorium's scope, arguing low-volume exemptions amount to a backdoor route.[The Guardian]
- The bill has not yet been introduced, so its final provisions and fracking scope remain unconfirmed.[The Guardian]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- Rogue UK energy bosses and brokers face crackdown on mis-sellingThe Guardian - Environment