'Greater scrutiny' needed over new energy companies

'Greater scrutiny' needed over new energy companies
 

A former chief executive of one of the UK's biggest energy suppliers has said that greater scrutiny of new entrants to the market is needed before they get their licence.
Paul Massara, who was in charge of Npower from 2013 to 2015, told BBC Radio 5 live Drive that Ofgem needs to do more to protect consumers.
At the weekend, GB Energy Supply ceased trading.
It said recent energy price rises had made its business untenable.
Around 160,000 people are affected by its collapse.
GB Energy Supply said that, as a small supplier, it was unable to "forward buy" energy to allow it to access... read more

 
Monday, 19:15 in Business, Views: 36
Source: BBC
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