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Describing the energy market as tumultuous in recent years would be an understatement. The landscape of operational energy suppliers has undergone a complete transformation. For further insights, delve into our guide to learn more about which business energy suppliers have gone bust.
| Date | Supplier | New Supplier | Customer Base |
| 18/02/2022 | Whoop Energy | Yu Energy | 262 domestic customers |
| 18/02/2022 | Xcel Power Ltd | Yu Energy | 274 domestic customers |
| 18/01/2022 | Together Energy (inc Bristol Energy) | British Gas | 176,000 domestic customers |
| 01/12/2021 | Zog Energy | EDF Energy | 11,700 domestic customers |
| 25/11/2021 | Orbit Energy | Scottish Power | 65,000 domestic customers |
| 25/11/2021 | Entice Energy | Scottish Power | 5,400 domestic customers |
| 22/11/2021 | Bulb Energy | Special Administration Process | 1,700,000 domestic customers |
| 16/11/2021 | Social Energy Supply | British Gas | 5,500 domestic customers |
| 16/11/2021 | Neon Reef | British Gas | 30,000 domestic customers |
| 04/11/2021 | CNG Energy | Pozitive Energy | 41,000 business customers |
| 02/11/2021 | Zebra Power | British Gas | 14,800 domestic customers |
| 02/11/2021 | Omni Energy Ltd | Utilita | 6,000 domestic customers |
| 02/11/2021 | Ampoweruk Ltd | Yu Energy | 600 + 2000 business customers |
| 02/11/2021 | MA Energy | SmartestEnergy | 300 (Business) |
| 02/11/2021 | Bluegreen Energy | British Gas | 5,900 domestic customers |
| 18/10/2021 | GOTO Energy | Shell Energy | 22,000 domestic customers |
| 14/10/2021 | Daligas | Shell Energy | 9,000 domestic customers |
| 13/10/2021 | Pure Planet | Shell Energy | 235,000 domestic customers |
| 13/10/2021 | Colorado Energy | Shell Energy | 15,000 domestic customers |
| 29/09/2021 | Igloo Energy | E. ON | 179,000 domestic customers |
| 29/09/2021 | Symbio Energy | E. ON | 48,000 domestic customers |
| 29/09/2021 | ENSTROGA | E. ON | 6,000 domestic customers |
| 22/09/2021 | Avro Energy | Octopus Energy | 580,000 domestic customers |
| 22/09/2021 | Green | Shell Energy | 255,000 domestic customers |
| 14/09/2021 | Utility Point | EDF Energy | 220,000 domestic customers |
| 14/09/2021 | People’s Energy | British Gas | 350,000 domestic customers |
| 07/09/2021 | PFP Energy | British Gas | 80,000 domestic customers |
| 07/09/2021 | Money Plus Energy Ltd | British Gas | 9,000 domestic customers |
| 09/08/2021 | Hub Energy | E. ON | 6,000 domestic customers |
| 27/01/2021 | Green Network Energy | EDF Energy | 360,000 domestic customers |
| 27/01/2021 | Simplicity Energy | British Gas | 50,000 domestic customers |
| 02/12/2020 | Yorkshire Energy | Scottish Power | 74,000 domestic customers |
| 06/10/2020 | Tonik Energy | Scottish Power | 130,000 domestic customers |
| 03/09/2020 | Go Effortless Energy | Octopus Energy | 2,500 domestic customers |
| 18/03/2020 | GnERGY | Bulb Energy | 9,000 domestic customers |
| 18/12/2019 | Breeze Energy | British Gas | 18,000 domestic customers |
| 18/12/2019 | Toto Energy | EDF Energy | 134,000 domestic customers |
| 15/10/2019 | Uttily Energy | Total Gas and Power | 280 business customers |
| 06/09/2019 | Eversmart Energy | Utilita | 29,000 domestic customers |
| 13/08/2019 | Solarplicity | SSE | 7,500 domestic customers |
| 09/08/2019 | Cardiff Energy Supply | SSE | 800 domestic customers |
| 11/03/2019 | Brilliant Energy | SSE | 17,000 domestic customers |
| 25/01/2019 | Our Power | Utilita | 31,000 domestic customers |
| 08/01/2019 | Economy Energy | Ovo Energy | 235,000 domestic customers |
| 10/12/2018 | One Select | Together Energy | 36,000 domestic customers |
| 10/12/2018 | Spark Energy | Ovo Energy | 290,000 domestic customers |
| 21/11/2018 | Extra Energy | Scottish Power | 108,000 domestic customers |
| 15/10/2018 | Usio Energy | First Utility | 7,000 domestic customers |
| 13/09/2018 | Gen4U | Octopus Energy | 500 domestic customers |
| 13/09/2018 | Iresa | Octopus Energy | 90,000 domestic customers |
| 25/07/2018 | National Gas and Power Limited | Hudson Energy | 22,000 domestic customers |
| 13/09/2018 | Future Energy | Green Star Energy | 170,000 domestic customers |
Primarily, it is essential to understand the distinction between a company going into liquidation (or going bust) and simply ceasing to trade. When a supplier goes ‘bust,’ it is removed from the Companies House register, its assets are sold to repay outstanding debts to creditors, and it permanently shuts down. On the other hand, a supplier that ceases to trade can still exist as a limited company, even if it has ceased trading and is currently not actively conducting business, effectively remaining dormant.
The challenges leading many energy suppliers to cease trading or go bust are primarily attributed to how much energy firms have to the rising wholesale energy prices in the energy market. By early 2022, the price of natural gas has escalated by over 300% compared to the same period in 2021. To ensure consumer protection, Ofgem’s domestic energy price cap also restricts energy suppliers from charging more than the set amount for the energy they provide to customers. As a result, several companies find themselves selling gas and electricity at unsustainable losses due to the rising commercial energy prices.
Furthermore, some suppliers face government energy regulator-imposed levies, such as the Renewables Obligation. When suppliers are unable to pay these levies, they may incur substantial fines, adding to their financial difficulties.
Ofgem‘s objective is to mitigate the repercussions of energy suppliers facing financial distress. To achieve this, they and energy firms have established a safety net that guarantees uninterrupted electricity and gas supply for consumers.
When a supplier goes bust, the market regulator Ofgem takes charge of the smooth transfer of your accounts to a new supplier, ensuring that each customer’s account balance is duly honoured during this process.
Following the successful transfer, you have the freedom to assess various business energy suppliers and make informed choices to switch to a new provider, with the assurance of being on a deemed tariff.
When Ofgem arranges the transfer to the new supplier, they make the initial selection on behalf of the affected customers. However, it is important to note that this selection is not binding, and you have the flexibility to switch to a different supplier immediately after the transfer without incurring any exit fees.
So, while Ofgem facilitates the initial switch to the new supplier to ensure continuous energy supply, customers retain the freedom to explore other options and switch to a different energy supplier without any financial penalties for leaving the new supplier. This allows you to find the best energy deal that suits their needs and preferences.
There will be no interruption or disruption to your energy supply. Ofgem will take care of the entire process of transitioning your business to your new energy supplier.
After the switch takes place, Ofgem will handle the transfer to your new wholesale energy supplier, placing you on a “deemed contract.” This contract has no expiry date and grants you the flexibility to promptly switch to a different contract or opt for a new business energy supplier if this is preferred.
You will receive a refund for any credit balance in your account after settling any outstanding energy consumption bills. Ofgem will inform the newly appointed supplier about your credit balance, giving you the option to have it repaid to you or leave it in your account as usual.
This varies based on the agreement made with your previous supplier’s administrators. If your new supplier agrees to assume the debts from the old supplier, you will be required to repay the debt to your new supplier. The specifics will be determined by the arrangement between the relevant parties.
Discover the convenience of Utility Bidder’s business energy comparison service now. Within minutes, you can compare competitive prices for business gas and commercial electricity, making it easier to find the best energy deals for your business.
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Once you are assigned to a Supplier of Last Resort (SoLR), there is no obligation to sign a contract with them. This gives you the freedom to explore better energy providers and deals.
If you find yourself in this situation due to your former energy company or supplier going bust or ceasing trading, Utility Bidder is an excellent starting point to find savings on your energy costs.
The process is incredibly simple, and you could potentially save up to 45%. Just enter your business name, location, and some details about your current energy usage into our tool. We will then scour the market to provide you with deals tailored to your company’s specific requirements.
Do not hesitate, to take the first step today – compare business gas and electricity prices with Utility Bidder.
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Get a quote in minutes Compare top UK suppliers Best price guarantee
Rated Excellent on Trustpilot
(Over 2,000 Reviews)
Can’t see the address? Enter manually
Let’s save time, can we automatically gather meter information?
? What does this mean?Does your meter number end in any of the following?