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Collapse of UK energy firms could cost each household extra £120

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Rise would plunge hundreds of thousands of consumers in England, Scotland and Wales into fuel poverty

The energy crisis could cost each home in Great Britain an extra £120 to cover the expense of dozens of energy supplier collapses this winter, which would plunge hundreds of thousands of households into fuel poverty for the first time.

Consumers in England, Scotland and Wales could be on the hook for a total of £3.2bn to cover the costs left behind by bust gas and electricity providers, on top of paying for record gas and electricity market prices, according to analysts at Investec.

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