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Issues

57 - Effectiveness of the current provision of unsecured cover

  • Proposer
  • Proposing Company ELECTRICITY NORTH WEST LIMITED
  • Status Closed
  • Urgent No
  • Synopsis

    In the past twelve months, a significant number of smaller supply businesses have been failing. ENWL identifies increased instability risk amongst suppliers and considers these may impose costs on other customers. We note that Ofgem is currently consulting upon measures to increase their assurance of the suitability of supply licence holders. There may be merit in Parties themselves providing increased cover. At present there are both secured (cash deposit) and unsecured cover options available, including:

    • Credit rating
    • Payment Record
    • Any other form of collateral as agreed

Related Activities

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