Energylinx News

November 2008 Monthly Archive

November 3, 2008

Bizz Energy now in administrative receivership

Worcester based Bizz Energy is the latest victim of increases in wholesale energy costs and having appointed KPMG to carry out a quick auction after struggling to refinance its debts has now been placed in administrative receivership.

All 40,000 electricity customers across its SME and corporate networks are being transferred to British Gas Business for a cash consideration of £3.5million.

From a customer viewpoint British Gas Business will maintain existing contract terms and conditions.

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