The costs to the rest of the retail sector of supplier failures in 2021 could reach more than £2 billion and push the price cap over £2,000 when it is reviewed, new analysis has suggested. NERA Economic Consulting broke down the costs into three main components that are likely to be recovered from remaining suppliers and passed on to consumers: wholesale energy costs, customer credit balances and Renewables Obligation shortfalls.
Supplier failures in 2021 could cost more than £2bn
