Energy companies in the UK have paid out £152 million over the past six years for failing to meet licence conditions, industry regulator Ofgem has revealed. Averaging £25 million a year since 2018, this money has been used to support vulnerable customers and fund initiatives promoting energy efficiency and net-zero policies.
These funds come from payments and fines levied against companies for various infractions, which are then channeled through the Energy Redress Scheme.
