UK energy suppliers risk going bust – research ...News

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UK energy suppliers risk going bust – research
Mounting unrecoverable debts could reportedly lead to company failures The British energy industry risks seeing more suppliers collapsing on the back of so-called “bad debts” arising from consumer bills, according to a study by energy consultants Cornwall Insight and Complete Strategy. Their joint report showed on Tuesday that household energy suppliers in the UK could be exposed to as much as £1.9 billion ($2.4 billion) of debt, a significant portion of which could be unrecoverable. That debt could lead to more supplier failures, with the costs then added to consumer bills, which would further exacerbate the situ

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