Fuel crisis: three more UK energy firms go bust, as government mobilises reserve tanker fleet and army – as it happened | Business

The difficult wholesale energy market situation brings more bad news every week and now another three suppliers have gone into administration.

In total, 233,000 more customers will be joining the almost two million who have already been displaced by their energy provider this year and we may not have seen the end to this situation.

With the headlines going from bad to worse, many customers will be worried, but those impacted by this news can be reassured that their energy supply will continue as normal and credit balances will be protected.

It’s important that all affected customers hold tight for now while they are moved to a new supplier appointed by Ofgem. They should wait for the dust to settle on the current situation before weighing up whether there are any better deals available elsewhere.

We recommend that customers make a note of their meter readings now, and again when contacted by their new supplier, to ensure bills are accurate.