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13.02.2019

Another electricity and gas supplier, BEV Bayerische Energieversorgungsgesellschaft GmbH (BEV), had to file for insolvency at the end of January. According to initial estimates by the insolvency administrator, around 250,000 customers have financial claims against BEV. These total around 80 million euros.
However, no former BEV customer has to do without electricity or natural gas. The respective regional basic suppliers - including Stadtwerke Gießen (SWG) - will step in without transition. Those affected can contact SWG on 0800 23 02 100 for advice on the various tariff options. Alternatively, all important information is available on the Internet at www.swg-energie.de.

SWG offers fair, reliably calculated prices
Bankruptcies of energy discounters are now almost normal. They follow a certain pattern. This is because practically all providers that had to file for insolvency acted in a similarly dubious manner: they acquired customers with bait offers consisting of prices that were not calculated to cover costs and high bonus promises. This business practice alone brought many to their knees financially. If - as in the current case of BEV - electricity prices on the stock exchange then rise massively, insolvency is practically inevitable. BEV's massive price increase in December 2018 did nothing to change this. On the contrary: it led to the cancellation of around 200,000 customers.
Ina Weller, company spokesperson for SWG, puts it this way: "In our industry, we see time and again that cheap ends up being expensive. After all, it's not just the annoyance that such a bankruptcy causes for many people. They also lose money if the supposedly low prices are only available for an advance payment." Apart from that, customers stranded with the basic supplier are transferred to the basic supply tariff. "Of course, we offer these customers an easy way to switch to a suitable and favourable optional tariff at short notice," adds Ina Weller.