Why gas and electricity prices are so high – and how to protect yourself

Archbishop Jerome Lloyd OSJVPosted by

Millions of households could see their gas and electricity providers collapse this winter after a rise in wholesale prices sparked an energy industry crisis. Wholesale energy prices have climbed to 11 times above normal levels – a record high – and firms have been left struggling to survive. Smaller providers in particular have been squeezed. Four energy suppliers, Green, Avro Energy, Utility Point and People’s Energy, have already ceased to trade and there are fears more could follow. Government rules mean no households will be left without an energy supply, but seeing your provider collapse can be a frustrating experience for customers. Telegraph Money looks at how to tell whether your supplier is in financial trouble, and whether there is anything that households can do to protect themselves from rising prices.

Why gas and electricity prices are so high – and how to protect yourself

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