GB Energy Supply ceases trading after wholesale price rises

GB Energy Supply ceases trading after wholesale price rises
 

An energy firm with 160,000 customers has ceased trading, blaming recent rises in energy prices.
In a statement, GB Energy Supply said that as a "small supplier" business had "become untenable", but assured people their supply would not be affected.
Ofgem said it would appoint a new supplier and stressed that outstanding credit balances were protected.
The energy regulator advised customers to take a meter reading and wait until their new supplier contacted them.
In a letter to customers on the GB Energy Supply website, managing director Luke Watson said: "Due to... read more

 
Saturday, 20:02 in Regional, Views: 57
Source: BBC
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