UK markets open in 5 hours 3 minutes
  • NIKKEI 225

    26,885.97
    -115.55 (-0.43%)
     
  • HANG SENG

    20,497.57
    +27.51 (+0.13%)
     
  • CRUDE OIL

    109.75
    -0.54 (-0.49%)
     
  • GOLD FUTURES

    1,849.60
    +1.80 (+0.10%)
     
  • DOW

    31,880.24
    +618.34 (+1.98%)
     
  • BTC-GBP

    23,253.94
    -891.41 (-3.69%)
     
  • CMC Crypto 200

    654.41
    -20.47 (-3.03%)
     
  • ^IXIC

    11,535.27
    +180.66 (+1.59%)
     
  • ^FTAS

    4,150.28
    +66.44 (+1.63%)
     

UK regulator issues compliance reviews to suppliers over payment demands

Weekly cabinet meeting in London

LONDON (Reuters) - Britain's energy regulator has issued compliance reviews to suppliers relating to higher charges to consumers, Business Secretary Kwasi Kwarteng said on Tuesday, saying some companies were increasing regular charges more than necessary.

"Suppliers have three weeks to respond ... The regulator will not hesitate to swiftly enforce compliance, including issuing substantial fines," Kwarteng said on Twitter.

(Reporting by Muvija M; editing by William James)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting