Energy suppliers risk failing with taxpayers’ cash onboard, Centrica chief warns

Chris O'Shea said the government handing energy companies money in advance presents a big risk

The chief executive of British Gas owner Centrica has warned that more energy suppliers could go bust this winter - with million of pounds of taxpayer cash on their balance sheets.

Chris O'Shea said he believed that some suppliers were poorly capitalised", and risked going bust and taking taxpayer money with them".