Davey outlines new powers for Ofgem

Energy and climate change secretary Ed Davey confirmed on Sunday 23 September that the regulator's powers were to be strengthened as part of a package of measures to ensure consumers are "treated fairly". Companies that breach licence conditions will be forced by the Office of Gas and Electricity Markets (Ofgem) to compensate consumers, rather doing so on a voluntary basis. Davey also raised the debt threshold that prevents pre-payment customers from switching suppliers from £200 to £500. Among other policies announced were a £5mn competition for innovative collective switching schemes and plans for an independent suppliers' summit to encourage greater competition in the energy supply market.
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