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We all know that E.on Next is a subsidiary company owned by E.on. Its not a new idea - there must be millions of subsidiary companies operating in similar structures. The regulator is OFGEM. In time they will hit those with poor customer service records with fines. We get claims almost weekly of this or that company ripiing off the public. Of course the true test would be to put those throwing the stones into positions of power to see how they would perform. My guess is that they'd do very poorly. Its easier to throw accusations from the side-lines rather than be in managerial control - a football crowd illustrates that perfectly.
But OFGEM will not take action quite yet.
The problem is that many suppliers are on the brink of insolvency because of thin profit margins (yes look up what the price cap allows!), wholesale costs, the price caps and, most importantly the level of customer debt, which is threatening to bring them down. I often think that if the people complaining could do so much better, why don't they set up a company to sell energy to domestic customers , with low prices and high customer satisfaction? Why do Unions representing workers think they know best how the employing company should be run and how much the workers should be paid?
Given the chaos caused by the wave of company failures in the 2nd half of 2021, and the costs of that to us as consumers, OFGEM will not want to bring any more down anytime soon, so my prediction is that heavy handed compliance action is some way off.
On the other hand I really don't know why action isn't taken internally to improve matters, particularly when customer facing pricing is akin to a cost plus contract, and support costs are passed straight onto consumers. Its perplexing, but there is an answer, just that i don't know what it is.