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 » Wed Nov 03 2021 9:52am

Apparantly OFGEM are consulting on the future of the price cap and how it can be changed/reworked etc. But there will continue to be failures whilst companies are forced to buy gas at a lower price than they can sell it for. The market will continue to consolidate whist the current climate is with us. How it looks afterwards will depend a great deal on prices and what OFGEM decide to do with the price cap. In the short term it is almost certain that prices continue to rise, largely because the government in this country will continue to impose numerous levies on the consumer (See macliam post above) Interesting brakdown of costs here https://www.ofgem.gov.uk/energy-advice- ... nergy-bill More levies to come? see here https://uk.news.yahoo.com/energy-crisis ... 00710.html
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Richard Frost
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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Thu Nov 04 2021 3:35pm

CNG Energy Limited and CNG Electricity Limited yesterday announced they are ceasing to trade.

CNG Energy supplies around 41,000 non-domestic customers.

https://www.ofgem.gov.uk/publications/o ... gy-limited
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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Mon Nov 08 2021 5:05pm

Pozitive Energy will take on customers of CNG Energy and CNG Electricity, which supply 41,000 non-domestic customers. For more information customers can visit: https://pozitive.energy/CNG

SmartestEnergy Business Limited will take on customers of MA Energy, which supplies 300 non-domestic customers. For more information customers can visit: https://www.smartestenergy.com/business/ma-energy

Utilita will take on customers of Omni Energy, which supplies 6,000 domestic pre-payment customers. For more information customers can visit https://utilita.co.uk/help/omni-energy

British Gas will take on customers of Bluegreen Energy which supplies 5,900 domestic customers, along with a small number of non-domestic customers, and Zebra Power, which supplies 14,800 domestic customers. For more information customers can visit https://www.britishgas.co.uk/solr/zebra.html or https://www.britishgas.co.uk/solr/bluegreen-energy.html

Yü Energy will take on customers of Ampower, which supplies 600 domestic and 2000 non-domestic customers. For more information customers visit www.yuenergy.co.uk

https://www.ofgem.gov.uk/publications/o ... nd-ampower
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Chadwick
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Re: Energy Suppliers who have gone out of business.

Post by Chadwick » Mon Nov 22 2021 12:57pm

Bulb to go into administration.
https://www.bbc.co.uk/news/business-59373198

Probably the first name on this list that I have heard of, and largest company so far I think with 1.7 million customers.
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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Mon Nov 22 2021 1:52pm

Two other much smaller companies which have also stopped trading are Neon Reef Limited and Social Energy Supply Ltd, https://www.ofgem.gov.uk/publications/o ... supply-ltd

OFGEM have not yet released a press release regarding Bulb

Press release now issued.
Ofgem statement on Bulb message to customers.

Customers of Bulb do not need to worry - Bulb will continue to operate as normal. Ofgem is working very closely with Government. This includes plans for Ofgem to apply to Court to appoint an administrator who will run the company. Customers will see no disruption to their supply and their account and tariff will continue as normal. Bulb staff will still be available to answer calls and queries.
https://www.ofgem.gov.uk/publications/o ... -customers
Last edited by Richard Frost on Mon Nov 22 2021 4:46pm, edited 1 time in total.
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Richard Frost
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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Mon Nov 22 2021 2:08pm

Chadwick wrote:
Mon Nov 22 2021 12:57pm
Bulb to go into administration.
https://www.bbc.co.uk/news/business-59373198

Probably the first name on this list that I have heard of, and largest company so far I think with 1.7 million customers.
Interestingly it looks like it will be the first to be put into Special Administration effectively where it is run by the government through the regulator Ofgem. A decision will have to be made eventually whether to sell or wind down the company. But meanwhile customers unlike previous energy failures will not be transferred to other suppliers.

It was only in March that Bulb was taking on customers of other failed energy suppliers.
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macliam
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Re: Energy Suppliers who have gone out of business.

Post by macliam » Mon Nov 22 2021 3:33pm

I am with Bulb. Luckily, I just managed to reclaim £500 surplus credit from them (still leaving £300 surpus), but I had a missed appointment to fit smart meters which "should" have resulted in a payment, but may now get "forgotten" (the payment is a derisory £30, but better in my pocket than theirs!).

Now it's a case of seeing what will happen...... but it's a marker to anyone on one of the smaller companies that they are far from safe.
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Richard Frost
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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Mon Nov 22 2021 4:44pm

Ofgem appoints British Gas to take on customers of Neon Reef Limited and Social Energy Supply Ltd

https://www.ofgem.gov.uk/publications/o ... supply-ltd
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Re: Energy Suppliers who have gone out of business.

Post by expressman33 » Tue Nov 23 2021 6:26pm

I've been looking at the price of gas over nearly the last 30 years and was surprised to see the price from 2003 to 2009 and how much higher it was than currently https://uk.investing.com/commodities/natural-gas
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Richard Frost
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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Wed Dec 01 2021 3:44pm

Entice Energy and Orbit Energy, which have about 5,400 and 65,000 customers respectively, ceased trading last week. Scottish Power have been appointed to take on supplying Entice Energy and Orbit Energy’s combined total of approximately 70,400 domestic customers.
https://www.ofgem.gov.uk/publications/o ... bit-energy

Zog Energy with around 11,700 customers ceased trading today. https://www.ofgem.gov.uk/publications/o ... zog-energy
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