energy insolvencies

Ofgem evidence reveals potential £2.4bn fallout from energy firm collapses

24th March 2022 Business | #energy insolvencies

Energy providers could receive up to £2.4 billion for taking on the customers of firms that have collapsed since 2021 according to written evidence given to the Business, Energy and Industrial Strategy Committee by industry regulator Ofgem. The Committee published the figures as part of its inquiry into energy pricing and the future of the…

Council-backed energy retailer ceases to trade

19th January 2022 Company News | #energy insolvencies

Together Energy has become the first supplier of 2022 to cease trading following weeks of speculation about the company’s future. The energy company, which was founded in 2016, included subsidiary and former council-owned supplier Bristol Energy. It served 176,000 domestic customers and one non-domestic customer Under Ofgem’s safety net, customers’ energy supply will continue and…

Zog becomes latest energy supplier to go bust

2nd December 2021 Business | #energy insolvencies

Zog Energy has ceased trading, the company claimed that it was unable to secure the gas hedges it previously agreed with its gas shipper CNG. The energy company has served around 11,700 domestic gas customers, is the 27th energy retailer to exit via the Supplier of Last Resort process so far this year. Under Ofgem’s…

Neon Reef and Social Energy Supply go bust

17th November 2021 Business | #energy insolvencies

Energy companies, Neon Reef and Social Energy Suppl, have announced they are ceasing to trade, meaning that 21 energy suppliers have collapsed since the start of September. Neon Reef supplies around 30,000 domestic electricity customers, and Social Energy Supply supplies around 5,500 domestic customers. Under Ofgem’s safety net, customers’ energy supply will continue and funds…

Goto Energy becomes 16th energy supplier to collapse

19th October 2021 Consumer Collections | #energy insolvencies

Goto Energy has announced they are ceasing to trade. The company supplied gas and electricity to around 22,000 domestic customers. Under Ofgem’s safety net, customers’ energy supply will continue and funds that domestic customers have paid into their accounts will be protected, where they are in credit. Domestic customers will also be protected by the…

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