Preston-based gas and electricity supplier, HUB energy has entered administration, with 15,000 customers across the UK being affected by the closure.
EON Next has been announced as the company that will be taking over HUB energy’s contracts. However those that are business customers will be unable to continue on the same tariffs that were previously agreed so may face a rise in the cost of their gas and electricity.
First of all please do not worry that your electricity or gas supply will stop – this will not happen.
Sadly, we have seen a number of energy suppliers cease trading in the past few years. Ofgem stepped in and appoint a new supplier to take over your contracts. E.ON will get in touch shortly to explain what will happen. A new contract will be offered at different prices. It is extremely important to check if the price that you have been offered by the alternative supplier is competitive and we recommend you search the market for alternative quotes.
Chris Shaw, CEO of Utility Bidder, says:
“With many of HUB energy’s business customers now at risk of being placed on increased rates for their energy bills, it’s important to make sure that businesses are proactive in securing a new energy contract at the most competitive price available.
If you’re a previous HUB energy customer, it’s extremely important to check if the price that you have been offered by the alternative supplier is competitive. Utility Bidder work with the top UK utility and energy suppliers so we can offer a full market price comparison against that offer. ”
If you have any concerns over your Hub Energy contract or would like quotes for your energy supply, please complete the form at the top of the page and one of our energy experts will call you.