04-10-2020 23:54 via uk.finance.yahoo.com

Households face £4.5m bill for collapse of Solarplicity

The collapse of failed electricity supplier Solarplicity Supply is expected to cost households £4.5m – fuelling long-standing frustration about fairness in the market. French state-owned giant EDF took on Solarplicity’s customers after the minnow collapsed in August 2019, and has now asked for Ofgem’s help with the costs of doing so. When an energy supplier goes bust, Ofgem’s procedure is for a stronger rival to be found to take on the customers; that company can th
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