Octopus objects to additional bad debt allowance in PPM cap
Octopus Energy has opposed plans by Ofgem to introduce an allowance in the pre-payment meter price cap to enable energy suppliers to recover bad debt associated with Additional Support Credit (ASC). Ofgem proposed the allowance in June over fears suppliers will see an increase in ASC bad debt costs this coming winter, for which there are currently no allowances in the cap.
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