GB Energy ceases trading – how does this affect you

gb energy bust, gb energy out of business

News has broken this weekend that GB Energy has ceased trading with immediate effect, blaming increasing wholesale energy prices as the reason for the business failure.

 

Some 160,000 households will be affected by this, although it is important to understand that if you are a GB energy customer, your supply will not be affected.

 

There is some work in the background between Ofgem and GB Energy to move it’s customers to another supplier although it is not yet known which supplier this will be, or if the new supplier will honour your fixed deal at this stage.

 

You can use the Energy Angels free energy price comparison service to locate the cheapest energy supplier at any time.

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About The Author

Managing Director for Energy Angels Group. Proud Husband and Father to a wonderful family. Passionate about our belief that there is always a better way when it comes to energy for social housing.

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