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 Sep 29 2021 3:56pm

Three more suppliers fold today.
ENSTROGA, Igloo Energy and Symbio Energy have today announced they are ceasing to trade. ENSTROGA supplies gas and electricity to around 6,000 domestic customers. Igloo Energy supplies gas and electricity to around 179,000 domestic customers. Symbio Energy supplies gas and electricity to around 48,000 domestic customers and a small number of non-domestic customers.

Together the suppliers represent less than 1% of domestic customers in the market.

Under Ofgem’s safety net, the energy supply of ENSTROGA, Igloo Energy and Symbio Energy customers 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 energy price cap when being switched to a new supplier.

Customers of ENSTROGA, Igloo Energy and Symbio Energy will be contacted by their new supplier, which will be chosen by Ofgem.

Ofgem’s advice to ENSTROGA, Igloo Energy and Symbio Energy customers in the meantime is to:

Wait until a new supplier has been appointed and you have been contacted by them in the following weeks before looking to switch to another energy supplier.
Take a meter reading ready for when your new supplier contacts you.
This will make the process of transferring customers over to the chosen supplier, and paying back any funds that domestic customers have paid into their accounts, where they are in credit, as smooth as possible.
https://www.ofgem.gov.uk/publications/o ... bio-energy


pabenny
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Re: Energy Suppliers who have gone out of business.

Post by pabenny » Fri Oct 01 2021 2:16pm

I hear that the 'major' supplier is Bulb
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Richard Frost
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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Fri Oct 01 2021 2:48pm

pabenny wrote:
Fri Oct 01 2021 2:16pm
I hear that the 'major' supplier is Bulb
Yes speculation is that Octopus will take it over https://www.thisismoney.co.uk/money/mar ... topus.html

Octopus is apparently extremely well funded.

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Re: Energy Suppliers who have gone out of business.

Post by macliam » Fri Oct 01 2021 3:47pm

Oh great..... just in time for winter and with a huge reserve built up due to being away for so long :roll:
Just because I'm paranoid, it doesn't mean they're not out to get me

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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Fri Oct 01 2021 4:43pm

Ampoweruk, Whoop Energy, Goto Energy, Home Energy Trading and Colorado Energy.
Five energy suppliers have been warned that they could have licences revoked if they fail to pay renewables obligations

The UK energy regulator has said it could start the process to revoke the licences of five small UK energy suppliers if they fail to pay £7 million towards its renewable scheme.

Ofgem announced on Friday it is consulting on final orders for Ampoweruk, Whoop Energy, Goto Energy, Home Energy Trading and Colorado Energy.

It said the five suppliers have all missed an initial deadline of August 31 or September 1.

A final order to pay could be sent by the end of the month, Ofgem said.

The watchdog said AmpowerUK owes more than half of the total, with the replier required to make £3.59 million in obligation payments.

Meanwhile, Goto Energy owes £2.47 million, Colorado Energy £883,182, Whoop Energy £56,306 and Home Energy Trading needs to pay £2,252.

“If they do not pay, Ofgem could start the process of revoking their licences to supply energy,” the regulator said.
https://www.ofgem.gov.uk/publications/o ... 1B,URYPN,1

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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Mon Oct 04 2021 4:29pm

Richard Frost wrote:
Wed Sep 29 2021 3:56pm
Three more suppliers fold today.
ENSTROGA, Igloo Energy and Symbio Energy have today announced they are ceasing to trade. ENSTROGA supplies gas and electricity to around 6,000 domestic customers. Igloo Energy supplies gas and electricity to around 179,000 domestic customers. Symbio Energy supplies gas and electricity to around 48,000 domestic customers and a small number of non-domestic customers.

Together the suppliers represent less than 1% of domestic customers in the market.

Under Ofgem’s safety net, the energy supply of ENSTROGA, Igloo Energy and Symbio Energy customers 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 energy price cap when being switched to a new supplier.

Customers of ENSTROGA, Igloo Energy and Symbio Energy will be contacted by their new supplier, which will be chosen by Ofgem.

Ofgem’s advice to ENSTROGA, Igloo Energy and Symbio Energy customers in the meantime is to:

Wait until a new supplier has been appointed and you have been contacted by them in the following weeks before looking to switch to another energy supplier.
Take a meter reading ready for when your new supplier contacts you.
This will make the process of transferring customers over to the chosen supplier, and paying back any funds that domestic customers have paid into their accounts, where they are in credit, as smooth as possible.
https://www.ofgem.gov.uk/publications/o ... bio-energy
Ofgem has appointed E.ON Next to take on supplying ENSTROGA, Igloo Energy Supply Limited and Symbio Energy’s combined total of approximately 233,000 domestic customers. This follows a competitive process run by Ofgem to get the best deal possible for customers.
https://www.ofgem.gov.uk/publications/o ... 1B,USD03,1

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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Wed Oct 13 2021 6:26pm

Pure Planet & Colorado Energy have both gone out of business today
Pure Planet Limited and Colorado Energy Limited have today announced they are ceasing to trade. Pure Planet supplies gas and electricity to around 235,000 domestic customers and Colorado Energy supplies gas and electricity to around 15,000 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 energy price cap when being switched to a new supplier.

Customers of these suppliers will be contacted by their new supplier, which will be chosen by Ofgem.
https://www.ofgem.gov.uk/publications/o ... ado-energy

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Re: Energy Suppliers who have gone out of business.

Post by Phil85 » Wed Oct 13 2021 10:53pm

I'm on Pure Planet!! Moved in Feb when Mr Lewis recommended them...

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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Thu Oct 14 2021 4:40pm

The following 2 small suppliers went out of Business in September.

MoneyPlus Energy Limited
PFP Energy Supplies Limited

British Gas has been appointed as supplier of Last result and will be in touch with customers

https://www.ofgem.gov.uk/publications/d ... 1B,UUPZU,1

https://www.ofgem.gov.uk/publications/d ... 1B,UUPZU,1
Last edited by Richard Frost on Thu Oct 14 2021 7:17pm, edited 1 time in total.

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