Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Wales job losses as Consumer Energy Solutions goes into administration
    Commodities

    Wales job losses as Consumer Energy Solutions goes into administration

    January 9, 20262 Mins Read


    Almost 300 jobs have been lost after an energy company was placed into administration.

    City Energy Group announced a restructure which means hundreds of jobs will be lost at Consumer Energy Services (CES) in south Wales.

    On Friday, the group blamed the restructure on “the run-down” of the UK government’s ECO4 funding scheme.

    The initiative, aimed at improving energy efficiency in low-income and vulnerable households, is due to come to an end this year.

    A spokesperson on behalf of the board of City Energy Group said: “The conclusion of the ECO4 scheme created significant headwinds for the CES arm of our business which generated significant revenues for this specific subsidiary.

    “Despite exhaustive efforts to secure a solvent path forward, regrettably it was not viable to continue trading.”

    They confirmed CES employed 295 people in Swansea and Treorchy, Rhondda Cynon Taf, adding administrators would now be responsible for supporting staff, including in using outlets such as Job Centre Wales and Careers Wales.

    The jobs being lost are expected to include sales advisors, project planners and staff in heating and insulation departments.

    CES said employees would be contacted directly to confirm the next steps and how claims will be processed.

    The spokesperson added: “We will be unable to carry out any remedial works or repairs, or to progress or resolve any existing complaints.”

    Previous customers who had an installation completed by CES and may be experiencing issues are being referred to insurance-backed guarantee providers for advice.

    A spokesperson for the Department of Energy Security and Net Zero said: “The ECO and GBIS schemes were not delivering value for money.

    “We are instead investing an additional £1.5 billion into our Warm Homes Plan, taking it to nearly £15 billion – the biggest ever public investment to upgrade homes and tackle fuel poverty.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Ja’s energy outlook 2026 – Jamaica Observer

    Commodities

    Why the U.S. and China Are Taking Opposite Sides in the Energy Transition

    Commodities

    5 Energy Stocks That Could Double in 2026

    Commodities

    Octopus Energy issues message for UK households with thermostats

    Commodities

    Octopus Energy issues £93 update to customers with a Direct Debit

    Commodities

    Hundreds of jobs lost as energy firm collapses into administration

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Property

    UOA Real Estate Investment Trust affiche un bénéfice trimestriel attribuable de 10 millions de RGT

    Commodities

    C’est quoi ce festival rock metal éco-responsable qui débarque dans le Vignoble nantais ?

    Investments

    Sovereign Gold Bonds Investors To Get 316% Return As RBI Announces Final Redemption For This SGB Series | Savings and Investments News

    Editors Picks

    Gold Cup 2025 – USA : La liste de Mauricio Pochettino dévoilée

    June 5, 2025

    One of Metal Gear Solid 3’s Biggest Drawbacks Has Been Remedied In MGS Delta

    August 27, 2024

    CPI Property Group lance une offre d’échange de titres subordonnés

    June 12, 2025

    Essential Utilities, Inc. réaffirme ses prévisions de résultats pour l’année 2025

    May 12, 2025
    What's Hot

    Wiltshire property tax specialist sold to US group

    August 7, 2025

    Think Investments infuses Rs 136 crore in PhysicsWallah – Industry News

    November 8, 2025

    À Saint-Lô, un vainqueur de l’Eurovision en concert au Normandy . Sport

    April 10, 2025
    Our Picks

    Konami Plans All-New Metal Gear Solid Games Without Kojima

    August 23, 2025

    African Risk Capacity and IFC partner to enhance agricultural insurance solutions in Africa

    February 28, 2025

    Container wagons modified for agricultural loads | News

    July 16, 2025
    Weekly Top

    VNQI vs. HAUZ: These ETFs Offer Investors Exposure to Real Estate Around the World

    January 10, 2026

    What They Are, How They Work, and Their Categories

    January 10, 2026

    Bank Al-Maghrib Publishes New Guide Outlining Fintech Regulatory Pathway

    January 10, 2026
    Editor's Pick

    Adam Silver dit la vérité sur l’hécatombe chez les superstars : « Ça vient de la jeunesse des joueurs »

    June 26, 2025

    Is United Parcel Service, Inc. (UPS) Low PE High Dividend Stock to Buy Now?

    February 16, 2025

    Gold vs. Bitcoin: Historic 2025 Divergence Challenges the Digital Gold Narrative

    December 31, 2025
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.