Looming power sector losses must be shared – Ecotricity

Wed, 06 May 2020

The electricity sector needs a plan for how it will share the cost of unpaid power bills as job losses and business closures mount in coming months, retailer Ecotricity says. A support package the Electricity Authority announced yesterday for smaller power retailers is a good interim measure but retailers can’t be left carrying the industry’s losses, Ecotricity managing director Al Yates said. While bad debts were still in line with previous years, that was going to change as the “massive economic cost” of the country’s covid-19 response...

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