Energy Suppliers who have gone out of business.

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Richard Frost
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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Thu Oct 14 2021 6:09pm

Now Daligas Limited with around 9000 customers ceases trading.

https://www.ofgem.gov.uk/publications/o ... as-limited

TBH I have not heard of some of these companies and i thought I was quite knowledgeable about the market.

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Re: Energy Suppliers who have gone out of business.

Post by Sarah » Thu Oct 14 2021 6:52pm

The number of suppliers to have gone bust this year appears to be 15 (so far); following 20 others between 2016 and 2020. I've heard an estimate of 50 for the market size.
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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Mon Oct 18 2021 3:54pm

GOTO Energy has ceased trading today

https://www.ofgem.gov.uk/publications/o ... 1B,UVEGD,1

22.000 customers

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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Wed Oct 20 2021 8:48am

Shell Energy has been appointed as Supplier by OFGEM to Customers of

Pure Planet
Colorado Energy
Daligas Ltd

https://www.ofgem.gov.uk/publications/o ... gy-limited
Last edited by Richard Frost on Thu Oct 21 2021 2:50pm, edited 1 time in total.

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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Thu Oct 21 2021 2:50pm

Ofgem has appointed Shell Energy Retail Limited to take on supplying GOTO Energy Limited’s approximately 22,000 domestic customers.

https://www.ofgem.gov.uk/publications/o ... oto-energy

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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Thu Oct 21 2021 3:41pm

A list of companies that have gone out of business this year and the supplier they have been transferred to.

18 October
GOTO Energy
c22,000 domestic
Shell Energy from 21 October 2021

14 October
Daligas
c9,000 domestic and non-domestic
Shell Energy from 17 October 2021

13 October
Pure Planet
c235,000 domestic
Shell Energy from 17 October 2021

13 October
Colorado Energy
C15,000 domestic
Shell Energy from 17 October 2021

29 September
ENSTROGA
c6,000 domestic
E.ON Next from 3 October 2021

29 September
Igloo Energy
c179,000 domestic
E.ON Next from 3 October 2021

29 September
Symbio Energy
c48,000 domestic
non-domestic
E.ON Next from 3 October 2021

22 September
Avro Energy
c580,000 domestic
Octopus Energy from 26 September 2021

22 September
Green Supplier Limited ('Green.')
c255,000 domestic
non-domestic
Shell Energy from 27 September 2021

14 September
People's Energy
c350,000 domestic
c1,000 non-domestic
British Gas from 19 September 2021
14 September

Utility Point
c220,000 domestic
EDF from 18 September 2021

7 September
PFP Energy
82,000 domestic
5,600 non-domestic
British Gas from 11 September 2021

7 September
MoneyPlus Energy
c9,000 domestic
British Gas from 11 September 2021

9 August
Hub Energy
c6,000 domestic
c9,000 non-domestic
E.ON Next from 13 August 2021

27 January
Green Network Energy
c360,000 domestic
non-domestic
EDF from Sunday 31 January 2021
27 January

Simplicity Energy
c50,000 domestic
British Gas Evolve from 31 January 2021

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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Mon Nov 01 2021 4:55pm

Bluegreen Energy Services Limited has today announced they are ceasing to trade. Bluegreen Energy supplies around 5,900 domestic customers and a small number of non-domestic customers.

https://www.ofgem.gov.uk/publications/o ... 1B,UYJN6,1

https://www.bbc.co.uk/news/business-59125866

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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Tue Nov 02 2021 4:32pm

Omni Energy Limited, MA Energy Limited, Zebra Power Limited, and Ampoweruk Ltd have today announced they are ceasing to trade.

Omni Energy supplies around 6,000 domestic pre-payment customers, MA Energy supplies around 300 non-domestic customers, Zebra Power Limited supplies around 14,800 domestic customers, Ampoweruk Ltd supplies around 600 domestic customers, and around 2000 non-domestic customers.

https://www.ofgem.gov.uk/publications/o ... 1B,UYTK0,1

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Re: Energy Suppliers who have gone out of business.

Post by planteria » Wed Nov 03 2021 9:22am

it really is a disaster... the concept of all this competition provided by smaller companies providing good customer service was great, but it's being smashed to bits. i've helped teams with gathering customers in this industry, but much of that work is finishing up with a reconsolidation. how it looked before v how it will look afterwards will be interesting.. penny for your thoughts re that RF.

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Re: Energy Suppliers who have gone out of business.

Post by macliam » Wed Nov 03 2021 9:48am

Poor regulation (the ridiculously low cash reserves required and no proof of energy supply contracts) made this a fair weather scheme and an "accident" waiting to happen...

For as long as the margin on buying in energy from the spot market and selling it at a profit was attractive, these companies were coining it, now they duck out and leave the consumer to pick up the tab. Any customer credit in these failed companies may be "safe", but that's because it will be honoured by the assigned company of last resort, who will then claim it back from a central fund financed by a levy across all customers...... so we'll all keep paying for this in our already-inflated energy bills.

A perfect example of "free market" liberalization imposed with minimal forethought, in order to claim kudos for consumer "protection", when actually it was just a license to print money for donors at cost to those same consumers. You couldn't make it up! :roll:

Another example of Boris Hood, robbing the poor to feed the rich!
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