On November 2nd, RECCo submitted a response to Ofgem’s consultation regarding an additional allowance for debt-related costs within the default tariff cap. We believe that the proposed changes will inevitably lead to increased costs for those customers who are able to pay their energy bills, including those who have paid off any outstanding debts. However, we acknowledge that not all energy suppliers will pass on the additional costs and some may offer tariffs below the allowance. Therefore, it is crucial that the energy retail market operates efficiently and enables consumers to switch to better tariffs easily and quickly.
Read our consultation response in full here.
