What To Do If Your Energy Supplier Goes Bust

By now you’ll have probably seen that energy prices are soaring, as wholesale prices for natural gas has gone up by 250% since January – and since August, up by 70%.

Power prices have shot up to £2,500 per megawatt-hour for spot electricity, too, compared to the typical baseload of £40 per megawatt-hour last year.

The climb in prices stems from a shortage of both electricity and gas, and smaller suppliers are struggling to stay afloat.

So what happens if your energy provider is a company that has gone bust? Here’s what you need to know.