Page 5 - Utility Point News Today

MONEY guru Martin Lewis has issued an important piece of advice for Bulb customers - to do nothing and sit tight as there will be no change for custom

​Energy supplier Bulb is to enter into special administration, pointing to the continuing energy crisis.

Bulb, which launched in 2015 and has amassed 1.7million customers, faced collapsing within days after crunch talks between the Government and the companys biggest secured creditor collapsed.

Bulb, which launched in 2015 and has amassed 1.7million customers, faced collapsing within days after crunch talks between the Government and the companys biggest secured creditor collapsed.

Businesses in England and Wales failed at a rate 56 percent higher in September than any month since the pandemic began

Years of regulatory tinkering left my company vulnerable. When gas shortages hit, its end was inevitable, says Andy Harris, formerly of Utility Point

GOTO Energy, which has about 22,000 household customers, has become the latest energy provider to cease trading – meaning a total of 13 suppliers have gone bust in the past six weeks.

The number of firms going bust in September was at its highest since March 2020.

The number of firms going bust in September was at its highest since March 2020.

Meanwhile, CNG Group, which supplies natural gas to many retail energy companies, has warned that it will no longer supply the wholesale market