-4.5 C
Lancashire
Friday, January 10, 2025

Ofgem ensures secure energy supplies for GB Energy Supply customers

GB Energy Supply has ceased trading. Ofgem has existing procedures in place to ensure that their customers can have confidence that their energy supply will continue, and that domestic customer’s outstanding credit balances are protected. We’ll now take steps towards appointing a new supplier to take over the 160,000 customers who were with GB Energy Supply.

Ofgem will run a process to choose the supplier which will best protect the interests of GB Energy Supply customers.

Our advice is that GB Energy Supply’s domestic customers should take a meter reading today and wait until their new supplier contacts them and tells them what to do about any credit balances they might have with GB Energy Supply. Once they’ve been contacted, customers should ask to be put on the cheapest deal or shop around for a cheaper supplier. They won’t be charged exit fees.

Rachel Fletcher Ofgem’s Senior Partner for Consumers and Competition said: “In any competitive market companies will fail, this is why we have procedures in place to ensure customers’ energy supplies are always secure.

“If you are a customer of GB Energy Supply there is no need to worry as we will ensure your energy supplies are safe. Ofgem are actively working with the industry to ensure your transition to a new supplier is as smooth as possible. While this process is underway our advice is not to do anything as you can continue to rely on your energy supply as normal.”

“We will work to appoint a new supplier as soon as possible and they will be in touch with you. Updates will be available from our website www.ofgem.gov.uk or through our twitter feed @ofgem.”

spot_imgspot_img

Latest

Police arrest 331 impaired Lancashire drivers in one month

Lancashire Police arrested 331 people for drink or drug...

New recycling regulations coming for Pendle businesses

New recycling regulations which mean Pendle businesses have to...

Age UK Lancashire announces new Day Club in Garstang

Age UK Lancashire is launching a new Day Club...

World’s First Full-Spectrum LED Fretboard Guitar, Lite Jam, Launches at NAMM 2025

The Lite Jam guitar and its innovative app are...
spot_img

Subscribe to our newsletter

Business Lancashire will use the information you provide on this form to be in touch with you and to provide updates and marketing.

Don't miss

Age UK Lancashire announces new Day Club in Garstang

Age UK Lancashire is launching a new Day Club...

Six arrested following East Lancashire derby

Police have thanked supporters who enjoyed the East Lancashire...

Grants available to help keep Pendle homes warm this winter

Grants are still available for some Pendle residents to...

£10,000 Cash and Big Brand Prizes to Be Won in SPAR’s Frozen Fortune Giveaway

SPAR has unveiled its Frozen Fortune competition, giving shoppers...

More News

Six arrested following East Lancashire derby

Police have thanked supporters who enjoyed the East Lancashire derby in a respectful way on Saturday. Blackburn Rovers were beaten 1-0 at home against Burnley...

Family pay loving tribute to dad who died in collision in Burnley

A family have paid an emotional and loving tribute to a man who was "loved and liked by everybody". Tommy Jenkins (35) from Newton-le-Willows, died...

Daughters pay tribute to “awesomest mum” following Nelson collision

The daughters of the woman who sadly died following a collision in Nelson have paid a heartbreaking tribute to "the most awesomest mum". Safia Karieem...