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1037815
registered interest false more like this
date less than 2019-01-08more like thisremove minimum value filter
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Energy: Prices remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the effect on the energy bills of consumers of domestic energy suppliers ceasing trading. more like this
tabling member constituency Coventry South more like this
tabling member printed
Mr Jim Cunningham more like this
uin 206232 remove filter
answer
answer
is ministerial correction false more like this
date of answer less than 2019-01-14more like thismore than 2019-01-14
answer text <p>In the event of an energy supplier insolvency, the Supplier of Last Resort (SoLR) process allows a quick transfer of customers to another supplier appointed by Ofgem and ensures credit balances are protected.</p><p> </p><p>As a result of the competitive SoLR processes, successful suppliers have agreed to absorb a proportion of the costs of the process and claim some of the remaining costs via the industry-wide SoLR levy. The amount claimed through the levy will vary depending on the terms of the successful SoLR bid and other factors such as number of customers and how much credit they have built up. It takes time for the extent of some SoLR-related costs to become clear and Ofgem consult with industry and interested parties before any levy claim decision is taken.</p> more like this
answering member constituency Devizes more like this
answering member printed Claire Perry more like this
question first answered
less than 2019-01-14T17:48:14.327Zmore like thismore than 2019-01-14T17:48:14.327Z
answering member
3974
label Biography information for Claire Perry more like this
tabling member
308
label Biography information for Mr Jim Cunningham more like this