What happens if the electricity seller goes bankrupt?

When an electricity seller goes bankrupt, the situation can cause concern for electricity consumers. In a bankruptcy situation, the electricity seller may cease to operate, which may lead to customers being left without electricity. In this situation, however, it is important to remember that the supply of electricity is a regulated activity, and the authorities strive to ensure that electricity distribution continues without interruption.

If an electricity seller goes bankrupt, electricity consumers’ contracts are usually transferred to another electricity seller or regional electricity company. This means that electricity supply continues as normal, and customers do not have to worry about electricity supply. However, it is possible that the new electricity supplier may change the contract conditions or pricing, so it is important to monitor the situation and, if necessary, compare the offers of different electricity suppliers.

If you are worried about the financial situation of your electricity supplier, you can contact the regional electricity company or the authorities to get more information about the situation and possible measures. It is also a good idea to follow the electricity supplier’s announcements and information about possible changes.

Sources: Energiavirasto, Consumer Agency