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apc-
https://www.bbc.co.uk/news/business-58090533
If your energy provider collapses, you will not stop receiving gas and electricity.
Your account will be moved to a new supplier by energy regulator Ofgem - although this may take a few weeks.
Unfortunately, you may end up on a more expensive tariff if you are switched to a new supplier.You’ll usually get out on the standard variable tariff (SVT), which in this market is the cheapest tariff out there at the moment as it’s below margin (even at the new cap of £1300)
C4r1s
Lots of dodgy facts flying around here. Just to clarify:
In the event of your supplier going bust you are moved automatically to a new supplier by Ofgem. If you are in credit, your money is protected and you'll be paid back. If you were in debt to the old supplier, you'll still have to pay the money back. The new supplier will contact you to arrange a payment. It’s all tightly regulated and will work itself out.