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UK Energy Suppliers Pay £7 Million in Refunds Following Ofgem Price Cap Breaches

Ten suppliers, including Octopus Energy and Utility Warehouse, compensated over 34,000 customers for billing errors, with all firms updating systems to prevent future issues.

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Overview

  • Ofgem found systemic overcharging affecting customers with multiple electricity meters from January 2019 to September 2024.
  • Ten suppliers, including Octopus Energy, Utility Warehouse, and EDF Energy, paid £7 million in refunds and goodwill payments.
  • Good Energy separately compensated 2,284 prepayment customers £150,000 for billing failures from 2014 to October 2023.
  • All implicated suppliers have updated their systems to ensure compliance with the energy price cap and accurate billing standards.
  • Ofgem emphasized the importance of robust billing processes and continues to monitor suppliers for compliance.