Responding to the news that energy supplier Extra Energy have ceased trading and Ofgem have appointed First Utility as the supplier of last resort, taking on Extra Energy’s customers, Ed Davey, former Liberal Democrat Secretary of State for Energy and Climate Change, said:
“I am deeply concerned by the news about the collapse of Extra Energy and the impact it could have on jobs. Clearly something has gone very wrong for this to have happened.
“However, they are not the first supplier to go bust this year and most likely won’t be the last. The Conservative’s obsession with meddling with their price cap certainly hasn’t helped, and has distracted them from fixing the real issues in the energy market. Liberal Democrats demand better.
“We desperately need proper stress tests for new suppliers, to ensure they can financially support themselves and also continue to provide customers with a good level of service. Otherwise the hard work of the Liberal Democrats will be squandered by the Tories.”