Energy firm breaches new rules

June 3, 2010 by Reno  
Filed under News Utilities

It has been revealed that an energy firm has recently been found guilty of breaching new regulations with regards to consumer complaints. According to a recent report EDF Energy failed to record customer complaints properly in line with regulations. The breach is said to have occurred between October 2008 and March of last year.

The report claims that the problem has now been rectified and the energy supplier has had to pay £200,000 to charities that help consumers. As a result of the payment that the energy supplier has made the UK’s energy regulator, Ofgem, has decided against imposing a separate fine against the energy firm.

The regulations that the company was found to have breached were introduced in 2008, and this is said to have been the first investigation since the rules were brought in. The energy firm is said to have taken immediate action to put the matter right. The rules had been brought it try and improve customer service levels from energy firms, which typically receive a huge number of complaints relating to customer service and billings.

The regulations aimed to ensure that consumer could contact the energy firm and have to explain the situation just once, and the complaint would be properly recorded so that the matter could be resolved or continue to be dealt with effectively. This also made it easier to monitor how long it took for the complaint to be resolved, helping to ensure that it was sorted out within the specified timescale.

EDF Energy said: “When Ofgem first identified in January 2009 that the number of complaints we had recorded was lower than expected, we immediately instigated a review and developed a robust action plan to resolve the matter. The actions we took led to an almost immediate and sustained improvement, such that our recorded complaints are now fully consistent with our expectations and with other suppliers.”       

Tags: Electric power, EDF Energy, line, energy firms, Complaint

Financial complaints soar into their millions

October 6, 2009 by admin  
Filed under News, News-Banking

Recent figures that were released have shown that consumer complaints relating to financial services have soared into their millions over the past few years, with data showing that between 2006 and 2008 more than nine million separate complaints were made to financial firms in the UK. Read more

Tags: Business Finance, loan complaints, United Kingdom, financial complaints, Complaint, bank complaints, fsa, mortgage endowments

Huge fine for energy firm

January 22, 2009 by admin  
Filed under Featured

One of the UK’s big six energy firms received an unexpected Christmas present from the UK’s energy regulator, Ofgem…in the form of a fine for nearly £2 million for mis-selling its contracts to customers. The regulator announced just before Christmas that the energy giant, NPower, was to be fined £1.8 million for failing to take the necessary action in relation to stopping the mis-selling of its contracts to customers. Read more

Tags: sale, energy giant, ofgem, Complaint, licence standards, behaviour, mystery