Which UK energy companies have gone bust? – In Your Area

Pic: Gareth Fuller/PA Wire

Whilst major energy suppliers confirmed price hikes to their variable tariffs from October 1, more energy companies have gone bust.

After six companies had previously gone bust this month, three more are joining the list.

Citizen’s Advice found that consumers who are moved to a new energy firm after their supplier goes out of business stand to pay almost £30 a month more.

They warned people will face “desperate choices” this winter, after finding that customers of the five largest failed suppliers are set to pay £6.70 more a week when moved on to the default tariffs of a replacement firm.

The energy price cap is due to rise by £139 for people on default tariffs and £153 for people on pre-payment meters on October 1.

As of Tuesday September 28, more than 1.5 million people had been affected by energy supplier failures.

The six companies previously announced as having gone bust in September are:

  • People’s Energy (now taken over by British Gas)
  • Utility Point (now taken over by EDF)
  • MoneyPlus Energy (now taken over by British Gas)
  • PFP Energy (now taken over by British Gas)
  • Avro Energy (now taken over by Octopus Energy)
  • Green (now taken over by Shell)

The three additional companies that have since gone bust are:

  • Enstroga
  • Symbio Energy
  • Igloo Energy

Citizen’s Advice said it was particularly concerned about those on the lowest incomes who could be hit by rising energy costs, a planned cut of £20 a week to their Universal Credit, and a higher cost of living due to inflation.

Those who lose their Warm Home Discount if it is not carried over when they are moved to a new supplier could be £17.40 a week worse off, it warns.

People in this situation who are also on Universal Credit stand to lose £37.40 a week if the planned cut is implemented.

Frontline advisers at the charity said they feared many would be left facing “desperate choices” due to fuel poverty this winter, including turning off their fridges and freezers, relying on hot water bottles for warmth and requesting support to buy extra duvets and blankets.

A survey by the advisory service found 35% of people are worried they will struggle to pay their energy bills this winter, rising to 45% of those earning less than £21,000 per year, and 44% of households with children.

Citizens Advice is calling on the Government to reverse its planned cut to Universal Credit and introduce emergency winter grants for those on the lowest incomes.

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