Ofgem is asking industry players for their views on industry regulation by 4 April 2013.
An energy consulting and broking firm says the industry’s faces a collapse in consumer confidence if ‘rogue’ energy brokers are able to continue to harass and tie organisations into crippling energy contracts which they can’t get out of.
Energy & Carbon Management is calling on other broking firms to back calls from energy regulator Ofgem, which is asking industry players for their views on industry regulation by 4 April 2013.
It wants the Government to give it policing powers to tackle brokers who mis-sell energy products to businesses and make it hard for customers to switch to other suppliers through practices like automatic roll-over contracts.
Ofgem currently has enforcement powers over energy suppliers but not over brokers.
If given the authority, Ofgem plans to root out the rogue operators by enforcing the Business Protection from Misleading Marketing Regulations – rules the Office of Fair Trading is currently responsible for implementing but rarely does.
via Energy broker calls on industry to back Ofgem campaign to root out rogue operators.