Responding to the news that OneSelect have gone bust, the seventh
household energy supplier of the year to do so, leaving 36,000
customers without a supplier, Ed Davey, former Secretary of State
for Energy and Climate Change said: “This is a deeply worrying
trend for consumers, four energy supplier have gone in just a
month. Not only does this create major uncertainty for customers,
but also undermines competition in the market. People will not
switch if they think their new supplier will...Request free trial
Responding to the news that OneSelect have gone bust, the seventh
household energy supplier of the year to do so, leaving 36,000
customers without a supplier, , former Secretary of State for
Energy and Climate Change said:
“This is a deeply worrying trend for consumers, four energy
supplier have gone in just a month. Not only does this create major
uncertainty for customers, but also undermines competition in the
market. People will not switch if they think their new supplier
will go under.
“The Tories have a lot to answer for, rather than trying to
sure up competition in the market they’ve pursed their price cap
folly, which clearly has had a negative affect on the small
suppliers as the costs rise. Liberal Democrats demand
better.
“We would scrap the Tories price cap and instead bring in
measures to effectively boost competition, while strengthening the
rules to ensure smaller suppliers can stand on their own two feet
and provided a decent service to customers, while offering cheaper
deals.”
