Get all your news in one place.
100's of premium titles.
One app.
Start reading
Chronicle Live
Chronicle Live
Business
Catherine Furze

Octopus, E.On Next and Good Energy ordered to pay compensation to 100,000 households

Three energy suppliers have been ordered to pay compensation to more than 100,000 customers after being rapped by regulator Ofgem.

E.On Next, Good Energy and Octopus Energy will pay a total of £8m after Ofgem accused them of "dragging their heels", by not paying fees that were due under rules put in place three years ago

The three firms have paid about £60 a customer affected by the missed payments, which are due if a supplier does not provide a final bill within six weeks of someone switching away. A further £1.7 million will be paid into Ofgem's 'voluntary redress fund', which supports charities to deliver energy-related projects, such as helping vulnerable energy consumers.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.