A three week deadline has been slapped down on energy firms to justify 'unacceptable' price increases to consumers bills. It comes as many householders are receiving new energy bills this month in the wake of the price cap increase on April 1.
Business secretary, Kwasi Kwarteng is giving the UK energy suppliers three weeks to justify the harsh increases in direct debit payments as an investigation is set to get underway. The investigation will look into claims that suppliers are swindling customers by inflating direct debits by more than the price cap as a bid to handle cashflow problems.
Mr Kwarteng has said the firm has three weeks to respond to allegations of "completely unacceptable behaviour" relating to unjustified direct debit increases, reports The Mirror. On Tuesday, Boris Johnson came under increasing pressure on the energy issue as BP announced its highest quarterly profits for 14 years – almost £5billion in three months or £639 a second.
