More than a million customers now affected by energy crisis as another two suppliers collapse

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 67%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

Paul Scully, Business Minister, says the Government would have to find '£6 billion pounds from somewhere' in order to fund the universal credit uplift. More on the energy crisis:

Green said it was"exiting the market due to the government failing to provide any support to smaller energy suppliers".

In a statement on Wednesday confirming its demise, Green pushed back against claims that"bad business practices" were to blame for its own and other business failures in the sector. "There is a position in government and Ofgem that smaller suppliers should be left to fail, despite the unprecedented increases in wholesale electricity and gas, the cost of failed suppliers being mutualised across the industry, and an outdated price cap methodology forcing smaller suppliers to sell at a loss."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

If they were Tory Donors they'd find the money somewhere

£12 billion is being spent on the Houses of Parliament refurb that no one questions

Get brexit done you Tory jokers

Tax you rich friends to whom you directed PPE contracts .

Tell them to stick some of that £350m a week away now we’re out of the EU.

Ask dido for our money back

Politics here's a start.

Stop giving money to other countries and sort your own out first. It's no hard.

A half capable A Level economics student would tell you that Scully's argument is a load of bollocks. The £6bn would be spent not saved, finding it's way back to the treasury via increased economic activity.

It found £38bn for crappy test n trace so shouldn't be too difficult should it. Go to the same magic money tree.

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:

 /  🏆 35. in UK

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 »

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 »

Energy firms' collapse hits 1.5 million customersSeveral energy suppliers, such as Avro Energy and Green, have gone bust in recent weeks. Maybe if you go to shops that are open for business they will not be empty A BBC lesson in how to write a misleading headline! It's currently 850k!! Even the article says that!!
Source: BBCNews - 🏆 3. / 97 Read more »

Igloo on brink of collapse as energy supplier casualty list mountsIgloo is working with Alvarez & Marsal on its options as another insolvency looms in Britain's crisis-hit energy supply market, Sky News understands. Funny it's the companies marketed as being eco friendly that are going out of business over the price of gas!
Source: SkyNews - 🏆 35. / 67 Read more »

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 »

Ofgem boss implies millions of people could be affected by energy companies going bust – videoJonathan Brearley, the Ofgem CEO, has told a parliament business committee that what is happening to gas prices is unlike previous price hikes And what happens if the bankrupt companies owe you money?
Source: The Guardian - 🏆 84. / 53 Read more »