Bulb’s Busted—And 20 Others Follow
Bulb, the UK’s seventh‑largest renewable power guy, has folded. It’s not the first, because this year we’ve already seen 20 energy companies crumble under the heat of soaring prices.
Ofgem’s Safety Net: The “What Now?” Plan
- When a supplier goes bust, Ofgem immediately hands you a new provider.
- All outstanding credits move safely over—no one gets stuck with a negative balance.
- You must take a meter reading before the hand‑off.
- If the new supplier charges more, you’re free to switch again, with no exit fees.
What You Should Do—If Your Supplier Dies
Don’t jump on the next supplier the moment your contract ends. Wait for Ofgem’s appointment and then confirm your reading. It’s a simple rule that keeps you from falling into more expensive traps.
Kevin Mountford’s One‑Stop Shop for Smart Deals
Raisin UK’s CEO, Kevin Mountford, wields his wisdom like a Swiss Army knife—veering you toward the best gas and electric bargains.
- Compare prices yourself.• Websites are great but not exhaustive; some companies only list deals when you call them directly.
- Beware automated switchers.• They can silently put you in a pricier tariff if you’re not careful—always read the fine print.
- Check who the switcher works with—you might dodge the cheapest option if they have limited partners.
- Decide between fixed vs. variable rates.• Fixed deals are usually cheaper, but variable ones can drop when the market swings—good for the daring.
- Reputation matters. Pick a supplier with solid reviews—the cheapest isn’t always the friendliest.
Remember, your energy bill’s like a roller‑coaster: scary ups, but you can still find a smoother track if you’re smart about where you ride.
