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MSE News: Eon faces watchdog's mis-selling probe
Former_MSE_Helen
Posts: 2,382 Forumite
in Energy
This is the discussion thread for the following MSE News Story:
"The regulator has opened an investigation into whether Eon's sales activities comply with its rules"
"The regulator has opened an investigation into whether Eon's sales activities comply with its rules"
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Comments
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Does not explaining the zero spring balance policy to new customers classify as misselling?
There is no clue in the article but I do wonder
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So the regulator fines them all and then they all put up their prices to recoup the fine. That's really going to teach those nasty energy suppliers a lesson, isn't it?
Warning: In the kingdom of the blind, the one-eyed man is king.
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Consumerist wrote: »So the regulator fines them all and then they all put up their prices to recoup the fine. That's really going to teach those nasty energy suppliers a lesson, isn't it?
You're forgetting the most important part! The fine will be equivalent to 0.1% of their total years profits. Of course they will pass this on to consumer with a 5% increase.0 -
Damned if they don't....damned if they do.
Your suggestions?0 -
British Gas came to service my boiler on Monday. As the engineer was getting ready to leave he asked me about not having British Gas as my provider. I told him i'm on a contract elsewhere, but perhaps I should have let him carry on with the conversation to see where it went. Are BG engineers on a commission for any sales leads they generate?0
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"So the regulator fines them all and then they all put up their prices to recoup the fine. That's really going to teach those nasty energy suppliers a lesson, isn't it?"
Actually one of the few impressive things I've spotted from Ofgem is the thing they did recently with EDF where instead of the fine going into the general fund it actually did some good. EDF still claimed (on rather flimsy grounds) that they hadn't been fined.Mixed Martial Arts is the greatest sport known to mankind and anyone who says it is 'a bar room brawl' has never trained in it and has no idea what they are talking about.0
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