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What to do if your energy supplier goes bust?

  • Posted On: 29 September 2021
What to do if your energy supplier goes bust?

 

You will still continue to receive gas or electricity even if your energy supplier goes bust.

 

 

Ofgem will move your account to a new supplier but it may take a few weeks. Your new supplier should then contact you to explain what is happening with your account

While you wait to hear from your new supplier: check your current balance and - if possible - download any bills; take a photo of your meter reading

If you pay by direct debit, there is no need to cancel it straight away. Wait until your new account is set up before you cancel it

If you are in credit on your account, your money is protected and you'll be paid back. If you were in debt to the old supplier, you'll still have to pay the money back. The new supplier should contact you to arrange a payment plan

Once you have been informed of your new supplier, make sure you're on the best tariff for you. You can switch if you're not happy with your new supplier or tariff without any penalties, but don't do this until the account has been moved over.

 

If you would like more information and support, make a referral today.

 

 

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