Labour Would Allow U.K. Regulator to Revoke Utilities’ Licenses
This article is for subscribers only.
U.K. utilities would face having their licenses revoked if they break the rules under changes the Labour Party promises to introduce if elected next year.
A new energy regulator would have the power to withdraw licenses if companies repeatedly breach their conditions and harm the interests of consumers, Caroline Flint, the shadow energy and climate change secretary, said today. Suppliers also would be required to produce an annual “scorecard” reporting on performance and areas of concern.