British energy regulator allows more firms to forcibly install pre-pay meters [Reuters]
CENTRICA PLC S/ADR (CPYYY)
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Source: Reuters
pre-pay meters in the homes of some people who are not paying energy bills and are building up debts. Prepayment meters can lead to customers' supplies being cut off if the meters are not topped up. The practice of forcibly installing them came under scrutiny last year after The Times newspaper reported this had been done by debt agents working on behalf of Centrica's (CNA.L) , opens new tab British Gas in the homes of some vulnerable customers. Ofgem responded with a temporary ban on the practice while it developed a new code of practice. E.ON (EONGn.DE) , opens new tab , one of the country's largest energy suppliers and smaller supplier Tru Energy have now met the conditions of the code, Ofgem said. Under the code, the companies have carried out internal audits and committed to reinstating non-prepayment methods and offering compensation to homes where pre-pay meters should not have been installed. They must also provide Ofgem with regular monitoring data on installation
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