Energy supplier Bulb became this week the latest company in the industry to go into administration. The government continues to protect customers from the global spike in wholesale gas prices and ensure we build a more secure more homegrown energy supply for the future.
- Since the global rise in wholesale gas prices the government have taken action to protect households and consumers this winter.
- BEIS has worked alongside the regulator Ofgem to ensure that there is a safety net in place and above all customers are protected and see no change in their supply.
The affect of the gas price spikes shows why we must double down on diversifying our deployment of nuclear and renewables and build a more secure home grown energy system.