EventsEventsPodcasts
Loader

Find Us

ADVERTISEMENT

Centrica's British Gas to take on customers of failed Together Energy Retail

Centrica's British Gas to take on customers of failed Together Energy
Centrica's British Gas to take on customers of failed Together Energy Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Share this articleComments
Share this articleClose Button

LONDON -Centrica's British Gas has been appointed to take on the customers of failed supplier Together Energy Retail Ltd, Centrica said on Monday.

More than 20 energy suppliers have collapsed since the beginning of September due to spiralling wholesale power and gas costs and because the regulator Ofgem's price cap prevented them from passing on rising costs to customers.

The addition of Together Energy Retail's 176,000 domestic customers means British Gas will have taken on around 700,000 customers from failed suppliers since the start of 2021, including Simplicity Energy, PfP Energy, MoneyPlus Energy, People’s Energy, Centrica said.

"Centrica is in a robust financial position, and as a responsible energy supplier built on a sustainable model we are well hedged for the winter and beyond," Centrica Chief Executive Chris O'Shea said in a statement.

In a separate statement, Britain's energy regulator Ofgem said any account credits of Together Energy Retail customers would be protected.

Share this articleComments

You might also like

Latest news bulletin | June 17th – Morning

Netanyahu slams military plans for daily 'tactical pauses' to allow aid into Gaza

French football captain warns against 'extremes' before election