Energy UK response to GB Energy Supply ceasing trading
Following the announcement that GB Energy Supply has ceased trading. Energy UK has issued the following statement.
Lawrence Slade, chief executive of Energy UK said:
"Customers of GB Energy Supply can rest assured that they are covered by Ofgem consumer protections and that there are no risks to their energy supply. The regulator will appoint an existing energy firm to take over customers' energy supply. Customers do not have to do anything. They will be contacted by the new supplier once appointed.
"Once a new supplier is appointed, customers can choose to stay with them or switch elsewhere, with no exit penalties. There are still around 50 suppliers in the market, making it more competitive than ever and providing more choice for consumers."
Notes to editors