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Bulb Energy news: Martin Lewis’ urgently warns 1.7m customers ‘TO DO NOTHING’ as firm collapses into administration

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MONEY guru Martin Lewis has issued an important piece of advice for Bulb customers – to do nothing and sit tight as there will be no change for customers.

The MoneySavingExpert founder tweeted a few much-needed tips in the minutes after Bulb collapsed into administration.

Bulb Energy customers will not see their supply or credit affected following the announcement.

Lewis wrote: “Details sparse, but don’t worry ur supply continues & almost certainly 1. [You’ll] stay on the price cap, there’s nowt meaningfully cheaper. DON’T switch or you may pay 30% more.

“2. Your credit’s safe.”

More than 1.7 million customers are affected by the collapse of the UK’s seventh largest energy firm.

Since the summer, at least 12 providers have gone bust – with Utility Point and People’s Energy the first of the list of small providers to go.

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