Economy Energy goes bust leaving 235,000 customers in limbo

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Outstanding credit balances of domestic customers will be protected and Ofgem will choose a new supplier “as quickly as possible”

 

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This is not the first energy company to go bust.. what is happening?

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Economy Energy collapse: Hundreds of thousands of customers in limbo as firm goes bustEconomy Energy, which had 235,000 customers, is the ninth small energy company to collapse in the last 12 months. I hope it's warm there.... In Limbo.... it failed because of unimaginative company name. Green energy isn’t cheap without subsidies
Source: SkyNews - 🏆 35. / 67 Read more »

Small energy firms' customers warned over credit as Economy failsIt can be dangerous to run up big balances as nine companies have collapsed in the past year Claim back what you are owed by DD guaratee on the day they go bust. Quite simply the worst ever, ever, ever company I have had the displeasure to deal with, and yes they owe me money. Guessing the CEO will be waking away with her £1m mansion intact 😠
Source: The Guardian - 🏆 84. / 53 Read more »

Economy Energy has been banned from taking on new customersCompany has faced hundreds of complaints and must address problems with billing and payment procedures among other issues or face having licence revoked, Ofgem warns
Source: The Independent - 🏆 80. / 59 Read more »

Energy firm ceases trading after banEconomy Energy recently said it had 'no intention of closing our doors' but has now collapsed. Why don't they ban SSE? had a dreadful time with them. ofgem certainly is doing the big suppliers job for them removing smaller opposition. How precisely does that help consumers. These companies should be checked far more carefully before being aloud to run these vital services.
Source: BBCNews - 🏆 3. / 97 Read more »

Renewable energy replaces coal as Germany’s main power source for first timeOut with the coal and in with the renewables - wind power now Germany's second largest single source of power If Germany can do it,why can't we UmlandAndreas CHEAP GAS FROM PUTIN GERMAN`s MAIN POWER!
Source: The Independent - 🏆 80. / 59 Read more »

Dutch eco initiative cuts energy bills in half in first UK homesNottingham pioneers ‘Energiesprong’ after it wins £5m funding from EU paid for by the consumers in doubled profits but where is hammond's budget boom to lorry drivers now
Source: The Guardian - 🏆 84. / 53 Read more »

Martin Lewis: Money Saving Expert explains how to save HUNDREDS with THIS energy switchMARTIN LEWIS was on hand to offer some of his top money saving tips during the Martin Lewis Money Show: Live on ITV tonight. For some bill payers, following some simple steps when changing energy provider - and meter - could see you save hundreds of pounds.
Source: Daily Express - 🏆 26. / 68 Read more »

Earthquake warning: BIG ONE fears as 500 years of energy to cause CHAOS - 500m at riskTHE Himalayan fault line - which caused the death of thousands of people in the 2015 Nepal earthquake - is ready for another major shift, putting the lives of more than 500 million people at risk, a menacing new study has revealed.
Source: Daily Express - 🏆 26. / 68 Read more »

Government signals shift from nuclear power to renewable energy as Hitachi suspends work on Wylfa plant'The economics of the energy market have changed significantly in recent years,' business secretary Greg Clark says Forced upon them because three projects have been stopped and decimated their nuclear plan. Better to subsiding renewables and emerging technologies than old nuclear with resultant radioactive waste and extortionate decommissioning costs. The UK should move toward recycling more of its electricity just like they do in mainland Europe, particularly in Scandinavia ... we are falling so behind ;)
Source: The Independent - 🏆 80. / 59 Read more »

Losing energy links to Europe after no-deal Brexit 'will cost UK over £2bn every year'After string of nuclear power failures, leaving EU could compromise nation’s ability to share clean electricity with European nations Excuse to put the bloody prices up!! Brexit is madness. 'A no-deal Brexit could cost' is a great start. You may as well have said 'fairies told us'. Then it turns out to be the Green Alliance, a pro EU lobby group. I will rewrite your headline. 'EU Green Lobby publishes scare story courtesy of the Independent'. Project fear, no?
Source: The Independent - 🏆 80. / 59 Read more »