Lumo Energia’s fixed-term prospects can apply for compensation from the corporate – about 8,000 prospects must discover a new contract – Muricas News

About 8,000 prospects of the Lumo Energia electrical energy firm can apply for compensation from the corporate as a result of termination of fixed-term contracts. The Finnish Competitors and Shopper Authority (KKV) introduced this in a press launch on Friday.

Lumo Energia has introduced that it'll apply for liquidation, and the corporate will stop operations at first of September. The vast majority of the corporate’s contracts might be transferred to the brand new electrical energy vendor beneath the identical situations.

As an alternative, roughly 8,000 prospects who've had a fixed-term contract must signal a very new contract in a troublesome market state of affairs, KKV states.

For instance, the costs of fixed-term electrical energy contracts have multiplied, leading to monetary damages for Lumo Energia’s former fixed-term prospects, the discharge says.

In accordance with KKV, Lumo Energia’s process, through which it has terminated fixed-term contracts prematurely, could be thought-about a breach of contract.