18-01-2022, 20:11
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#412
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Born again teenager.
Join Date: Feb 2007
Location: Manchester. (VM area 20)
Age: 77
Services: Maxit TV, M250 Fibre BB.
Phone-Anytime Chatter
Posts: 13,842
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Re: Energy companies collapse
Together Energy Retail has stopped trading, affecting 176,000 households.
Quote:
Together Energy Retail, which has about 176,000 domestic customers, was part-owned by Warrington Borough Council.
The council, which spent £18m on a 50% stake in the firm in 2019, said it was "disappointed" the firm had gone under, but defended its investment decision.
Ofgem said a new supplier would be found for the company's customers and that energy supply would continue.
A total of 28 energy suppliers, mostly smaller firms, have stopped trading in the UK since August, affecting millions of customers.
In a statement on its website, Together Energy said the "sustained increase in wholesale prices and the securities required to continue to forward purchase the energy", made the firm's situation "untenable".
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https://www.bbc.co.uk/news/business-60038685
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"I intend to live forever, or die trying" - Groucho Marx..... "but whilst I do I shall do so disgracefully." Jo Glynne
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