, The electricity supplier BEV Bavarian energy supply company is insolvent. The Munich-based company has requested the opening of insolvency proceedings, as it announced on Wednesday.

Munich – The electricity supplier BEV Bavarian energy supply company is insolvent, and stated on Wednesday: “the population of The Bavarian energy supply company mbH was last updated by higher energy procurement costs in trouble”, it said. Customers would now “be supplied by the statutory replacement supply by the municipal utilities without interruption with electricity and Gas”.

A notice of the local court of Munich, the Munich attorney, Axel bierbach was appointed as the preliminary insolvency administrator. Previously, the “economy had reported a week”.

BEV Bavarian power supply company: Aiwanger had warned

About the conduct of a business founded in 2013, the company had according to the media, customers report given to our complaints. Nationwide customers should be only with the cheap prices lured been, before BEV increased the prices massively. According to “business week” was in consequence of the business model due to the high termination rates in the wrong location.

The Federal network Agency had initiated at the beginning of the year, a supervision procedure against the energy provider. Bavaria’s Economics Minister Hubert Aiwanger (Free voters) had warns in the past week in the company of a “law abiding behavior”. “I warn the population of the energy about to need the trust of your customers miss. This would not harm in the end, only the company itself, but also can harm an image of the entire electric utility industry,“ had Aiwanger said. Now Aiwanger warned that customers should be informed “promptly and transparently about the Situation and their rights”.

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dpa