Utilities: Insolvency

(asked on 22nd September 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what contingency plans he has in place for customers in the event of a major gas provider collapsing.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 18th October 2021

The Government has robust processes in place to ensure continuity of supply for customers. These include the Supplier of Last Resort process, which is operated by Ofgem, the independent regulator. The Government also has powers under Special Administration. Government will continue to work closely with Ofgem to protect customers. For more information on this process visit the Ofgem website: https://www.ofgem.gov.uk/publications/supplier-last-resort-revised-guidance-2016.

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