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New rules could see failed retailers forced to pay up SoLR costs

New rules could see failed retailers forced to pay up SoLR costs

Failed energy retailers would be forced to pay up costs incurred during the Supplier of Last Resort (SoLR) process, under new rules being considered by Ofgem. Current rules stipulate that SoLRs can claim for costs they incurred during the process of taking on the customers of a failed retailer, including wholesale energy and administrative costs, via the SoLR levy process. These costs are ultimately paid for by consumer bills.

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