Customers have picked up the £2.7bn cost of supplier failures at an extra £94 per household, the Public Accounts Committee says.
Ofgem's failure to effectively regulate energy suppliers since 2018 has"come at a considerable cost" to British households, a watchdog report has found.
The committee's report said around 29 energy suppliers have failed since July last year, which has subsequently affected some four million households. The PAC report concluded this was due to"Ofgem's failure to effectively regulate the energy supplier market".
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