More than 600 jobs have been lost at energy brokers in the North East as soaring costs have limited their ability to find better deals for customers, it has been claimed.
The North East has a high number of energy consultancies, many started by former employees of Utilitywise, a pioneer in the sector which went into administration in 2019.
Last week Gateshead firm Northern Gas and Power announced that 77 jobs were at risk at the firm due to “unprecedented challenges to businesses across the world, particularly in the energy sector”. Now the company has said that 600 third party intermediaries (TPIs) have been lost in the North East in the past fortnight, with “many more at risk”.
