Small energy companies risk going bust in financial shock

August 18, 2019

Thousands of homes could lose their energy supplier in the coming months as a result of a financial shock looming over the industry's smaller companies.

Suppliers are due to pass on millions of pounds worth of renewable energy subsidies, collected via energy bills, to the energy regulator, Ofgem, by the end of the month.

This deadline has in the past proved fatal for finantially unstable energy suppliers, and it is feared that a string of collapses may follow in the coming months. Suppliers have untill 31 August to pay their share of the renewable subsidies, or can opt to pay the amount owed- plus interest- by 31October.

Share on Facebook
Share on Twitter
Please reload

Featured Posts

The UK's fuel consumption has dropped 10 per cent in the last decade, compared to 1 per cent in the rest of the EU.

UK's energy consumption dropping faster than the rest of the EU

March 21, 2019

Please reload

Recent Posts

September 4, 2018

August 24, 2018

Please reload

Please reload

Search By Tags
Please reload

© 2017 The Energy Company (UK) Ltd
Unit 7, Ruthin Business Centre
Lon Parcwr
LL15 1NJ