Co-op Energy to honour outstanding credit balances after Ofgem’s decision to appoint it to take over 160,000 customers
The energy regulator has chosen Co-operative Energy – a company that last month paid out £1.8m compensation to customers – to take over the supply GB Energy’s gas and electricity customers.
Ofgem has been working behind the scenes since GB Energy’s collapse at the weekend to appoint a “supplier of last resort” to take over all of the company’s 160,000 customers.
Related: GB Energy’s collapse to hit 160,000 households with higher bills