It can be dangerous to run up big balances as nine companies
have collapsed in the past year
Consumers signed up to small energy firms are being warned not
to build up large credit balances after Economy Energy collapsed this week owing some of its
customers over £300.
Nine small gas and electricity suppliers have failed in the past
12 months, affecting more than 800,000 households. Energy regulator
Ofgem has systems to ensure people don’t lose out if their
supplier goes bust, but former Economy customers say they waited a
long time to get their money back.
Source: FS – All-News2-Economy
Small energy firms' customers warned over credit as Economy fails