Today news
About the same in other media
Collapse of UK energy firms could cost each household extra £120
Reading now: 947
The UK’s energy crisis could cost each British home an extra £120 to cover the expense of dozens of energy supplier collapses this winter, potentially plunging hundreds of thousands of households into fuel poverty for the first time.
Consumers in England, Scotland and Wales could be on the hook for a total of £3.2bn to cover the costs left behind by bust gas and electricity providers, on top of paying for record gas and electricity market prices, according to analysts at Investec.
The bank warned of a “substantial” burden on households to provide a safety net for the customers of bust suppliers, including the largest to go under so far, Bulb Energy, which plunged into a special administration process last week.
“The meltdown in the supply
Read more on theguardian.comAbout this in other media
Bank warns UK fake deliveries scam could cost thousands theguardian.com /3 years ago
Activist investor Elliott attacks SSE over green energy plans theguardian.com /3 years ago
The energy crisis shows precisely why this industry should be in public hands theguardian.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
