UK Parliament / Open data

Energy Suppliers: Customer Credit

I thank my hon. Friend for giving way. The £,1000 or more credit balance on his constituent’s account is not just sitting there doing nothing. It is

sitting in a company’s bank account earning interest, and contributing to the profits of that company. I wonder how the companies would feel if they were required to apply interest to customers’ credit accounts. Perhaps they would suddenly be incentivised to support the customers.

Type
Proceeding contribution
Reference
728 c71WH 
Session
2022-23
Chamber / Committee
Westminster Hall
Back to top