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The Guardian - UK
The Guardian - UK
Environment
Alex Lawson

Energy suppliers risk failing with taxpayers’ cash onboard, Centrica chief warns

Easington gas terminal near Hull
The Easington gas terminal near Hull began processing new gas on Tuesday for the first time since 2017 after a request from the government earlier this year. Photograph: Christopher Furlong/Getty Images

The chief executive of British Gas owner Centrica has warned that more energy suppliers could go bust this winter – with million of pounds of taxpayer cash on their balance sheets.

Chris O’Shea said he believed that some suppliers were “poorly capitalised”, and risked going bust and “taking taxpayer money with them”.

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