THE recent spate of supplier collapses will cost all energy customers more than £1billion, an industry chief has warned.
It could mean every household shelling out £50 on top of the jump in energy prices they are already facing.
The alert from Bill Bullen, founder and chief executive of Utilita, one of the bigger suppliers, came amid fears of more failures after a surge in wholesale costs.
Six suppliers with 1.5 million customers have gone bust this month including Avro Energy, with 580,000 customers.
This story is from the September 24, 2021 edition of Daily Mirror.
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This story is from the September 24, 2021 edition of Daily Mirror.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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