Ofgem Proposal: Shorter Energy Grace Period for Home Movers
Debt Matters di Taurus Collections (UK) Ltd
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Home movers in Great Britain could get just £30 of energy use without account
Home movers in Great Britain could soon have about 2 weeks to set up an energy account before the lights go out. That’s the warning behind a new Ofgem consultation aimed at tackling record levels of gas and electricity debt and it has big implications for households, suppliers, and anyone dealing with arrears.
In this episode, we break down the proposal in plain English: when the previous resident moves out and the supplier is notified, the meter could be remotely switched into prepayment mode. The incoming occupier would get £30 of emergency credit to help them settle in but once that credit is used (roughly a fortnight on average), supply could be cut off unless the new resident has opened an account with a supplier.
Why is this happening? ...