A payment services provider for energy customers has offered to pay £12.5 million into Ofgem’s voluntary redress fund following an investigation into whether it breached competition rules. The investigation was opened in 2017 and looked into whether the company had abused a dominant position in a way that was likely to restrict or distort competition in the market for the provision of over the counter (OTC) energy prepayment services.
Paypoint offers to pay £12.5m into Ofgem redress fund
