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    Contents

    Guide Author

    James Longley

    Managing Director

    min read
    Last Updated August 16, 2023

    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.

    Which UK 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

     

    What happens when a business energy supplier goes bust?

    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.

    Who will choose my new supplier?

    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.

    Will my energy supply be cut off?

    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.

    Will I be put onto a new contract type?

    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.

    Electrical Safety Requirements

    What happens if my account is in credit?

    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.

    Will I have to pay any debt on my account to my new supplier?

    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.

    Electrical Safety Requirements

    Are you looking to switch business energy suppliers?

    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.

    Compare business energy prices with Utility Bidder

    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 65%. 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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    Go Back
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    Gas
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    Go Back
    Next
    Please enter your business gas information
    How much do you spend & how often?

    An estimate is fine if you don't have a bill to hand

    Go Back
    Get Prices

    Let’s save time, can we automatically gather meter information?

    ? What does this mean?
    To get your quotes at lightening speed we need several key pieces of information which can all be found on your electricity bill. But by simply ticking this box, we can search ‘industry held data’ to get your meter number, electricity consumption and current energy supplier. This means that we can get you quick quotes without asking you to dig out all of your paperwork. This is personal data therefore we need you to allow us to access this information.
    Go Back

    Do you know your electric meter number?

    Does your meter number end in any of the following?

    Go Back
    Enter meter number
    I don’t know
    Please enter your business electricity information
    How much do you spend & how often?

    An estimate is fine if you don't have a bill to hand

    Start date for a new contract?
    Get Prices
    Please enter your water information
    How much do you spend & how often?

    An estimate is fine if you don't have a bill to hand

    Go Back
    Get Prices

      Enter your details below to get quotes We’ve helped over 90,000 businesses