Ofgem: SoLR can cope with multiple failures

Philippa Pickford, Ofgem’s director of future retail markets, has told Utility Week that the regulator’s data shows the risk of multiple supplier failures as a result of Covid-19 is receding. Speaking on our #AskUsAnything show, Pickford admitted that concerns remain about the stability of some retailers but insisted that the Supplier of Last Resort process “would work well” in the eventuality of multiple market exits at the same time.

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