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Re: Energy companies collapse
Quote:
Quote from The Sun, Money News: GAS and electricity firm CNG Energy has gone bust today, leaving around 41,000 business customers without a supplier.
The company announced today that it is ceasing to trade, making it the latest casualty of the ongoing energy crisis.
No domestic customers are affected by the firm's collapse but thousands of businesses could now be facing higher energy bills.
Regulator Ofgem said customers' energy supply will continue, and they will be contacted by a replacement firm within two weeks.
Neil Lawrence, director of retail at Ofgem, said: “Ofgem’s number one priority is to protect customers.
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Business users are not protected by a price cap as was highlighted on R4 "You and Yours" today and some are seeing eye-watering increases in energy costs. Sufficient to put some small enterprises out of business.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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