Ofgem pushes back plans for mutualisation protections

Ofgem says it is pushing back a consultation on its plans to demand suppliers protect a minimum of 50 per cent of customer credit balances. Other measures as part of a wider supplier licensing review will go to consultation in the Spring as planned. One industry source described the review as a detailed way to "lock the regulatory stable door well after the irresponsible small supplier horse has bolted".

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