Nearly 1.5 million customers have been affected by energy firms collapsing under soaring gas prices.
But providers have complained that they are unable to pass on rising costs to customers because of the cap on energy bills.People's Energy, Utility Point, PfP Energy and MoneyPlus Energy ceased trading in September. He reminded customers of the failed companies that the regulator would be appointing a new supplier for them and suggested that it is best not to try to switch in the meantime.
He would not say if the number of customers that would eventually need new suppliers could run into "millions".Customers will still continue to receive gas or electricity even if the energy supplier goes bust. Ofgem will move your account to a new supplier, but it may take a few weeks. Your new supplier should then contact you to explain what is happening with your account
If you are in credit, your money is protected and you'll be paid back. If you were in debt to the old supplier, you'll still have to pay the money back to your new supplier insteadLisa Barber of consumer rights group Which? said that millions of people may be feeling apprehensive because of speculation that other small companies could fold in the coming days and weeks.
A BBC lesson in how to write a misleading headline! It's currently 850k!! Even the article says that!!
Maybe if you go to shops that are open for business they will not be empty
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Avro and Green join suppliers quitting household energy market amid gas crisisBetween them they supply 2.9% of the UK’s domestic energy customers.
Source: The Independent - 🏆 80. / 59 Read more »
Small energy firm Green 'on the brink of going bust' leaving 250,000 in limboSMALL energy firm Green is reportedly on the brink of collapse, which could leave 250,000 customers without a supplier. The company is lining up advisers in case it falls into insolvency, which cou…
Source: TheSun - 🏆 64. / 61 Read more »
Two energy firms collapse in one day as gas and leccy prices rocketAvro Energy and Green have become the latest casualties in the UK’s gas crisis after collapsing this afternoon
Source: MetroUK - 🏆 13. / 82 Read more »
Two more energy suppliers go bust as Kwarteng considers windfall taxAvro Energy and Green become the latest casualties of the crisis as Business Secretary says he is 'looking at all options'
Source: The Telegraph - 🏆 41. / 63 Read more »
Gas giants may face windfall tax as energy crisis hits householdsAnother 800,000 households fall victim to energy crisis as Avro Energy and Green collapse Sounds like my ex. Mother in Law. Watch your ass Neptune, Uranus, Saturn, and Jupiter We will believe it when we see it
Source: The Guardian - 🏆 84. / 53 Read more »
'Tories blind to hardship of families paying for energy crisis complacency'Tory Governments were warned years ago that Britain required a more secure energy supply but instead placed their faith in a broken system of market forces - now millions of households are set for a stark winter When the Chancellor and his mates are multi millionaires wots hard ship Norwegian and Dutch Gas suppliers are holding the UK market to ransom Capitalising on the markets failure to supply the deficit to the UK market Transit flow is the Geopolitical business plan of these corporates Surely brexit bullshiters could set vat rates to mitigate energy rises as it was a positive of brexit to set own rates or was it another lie .
Source: The Mirror - 🏆 136. / 51 Read more »