On the 26th November GB Energy have announced that they have ceased trading.
Their statement reads: “Due to swift and significant increases in energy prices over recent months and, as a small supplier our inability to forward buy energy to allow us to access the best possible wholesale prices, means that the position of the business has become untenable and as such we will now be entering a process overseen by Ofgem to move you to a new supplier.”
What does this mean for any customer of GB Energy?
Firstly do not panic as your gas and electricity will not be cut off. This will continue as normal and Ofgem, the industry regulator, will appoint a new supplier to take over your supplies.
What you should do?
Await to hear from Ofgem or use Energylinx to search for a new energy contract to replace the one you have with GB Energy.
Click this link to find the best deal for your home if you have gas and electricity from GB Energy
Click this link to find the best deal for your home if you have just electricity from GB Energy