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In January, Green Network Energy , which had , customers and Simplicity Energy which had 50,, also went bust. The company, with 1. On Wednesday energy suppliers Green and Avro , which supply a combined , homes, both collapsed amid the energy crisis. The regulator Ofgem confirmed on Wednesday that both companies will be ceasing to trade, one day after reports that Green was preparing for potential insolvency.
Ofgem will move people to a new supplier if their energy firm goes bust. People should take pictures of their meters and download or print out bills from the old supplier, however. Other than this you will not have to do anything. Ofgem will automatically move you to a new supplier. This might take a few weeks, but your new supplier will contact you when it is sorted. TV tonight: a classy, raunchy new French thriller.
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Minnie Driver cuts a stylish figure in an ivory trouser suit. And that stake has already lost half its value in the last year. For now we should ask ourselves why we allowed Tesco to get so big in the first place? I remember back in telling the Retail Week industry conference that we were heading for a world where the choice was Tesco, Tesco or Tesco. The Competition Commission had rolled over to let Tesco monopolise the market and was now bizarrely claiming that convenience stores were a different market to supermarkets even though they sold the same items. I got a standing ovation for that speech but it mattered little. Tesco were just too powerful and the government did nothing. Thousands of independents went to the wall and the end result is that in some communities today you are now never more than a few hundred yards away from a Tesco.
Some 13p in every pound that goes through British tills is spent with them. The banking crash and subsequent recession changed the supermarket landscape. It was obvious that the consumer was now demanding lower prices and Tesco should have led this changing market. But Tesco was tied up in trying to clear up the folly of a disastrous adventure in the US. They were too busy thinking of global domination to recognise the domestic troubles under their nose. I would support a government led initiative to break up the group. As it stands Tesco is too big to fail.
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