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Regulation of energy suppliers


Since the summer of 2021 around 30 gas and electricity suppliers have exited the market in the ongoing energy supply and price crisis, affecting around four million customers.

Most customers have been transferred to alternative suppliers through the Supplier of Last Resort process managed by Ofgem, the regulator for the gas and electricity markets in Great Britain. However, Bulb Energy, which was too large to be absorbed by an existing provider, has been placed into special administration.

The Committee will question senior executives at DBEIS and Ofgem on:

  • the issues that have led to the exit of suppliers from the energy market;
  • the costs and wider impacts for customers and taxpayers of suppliers exiting the market;
  • how BEIS and Ofgem have handled the supplier failures; and
  • the lessons that government needs to learn for the future of the energy supplier market.

If you have evidence on these questions please submit it here by 6pm on Monday 4 July 2022.