Energy Supplier Update

CNG Cease Trading

Sadly, we have lost another supplier as a direct result of the ongoing energy crisis.  Pozitive Energy has now be appointed by industry regulator Ofgem as the SoLR or “Supplier of last resort” .

If you were supplied by CNG for your business gas, don’t panic. We have experience working with clients that have been affected by this and can help you find a new gas supplier, complete the form to receive a call from our team of energy experts.

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    What does this mean?

    Anyone that had a commercial gas contract with CNG will not have their supply turned off. Also, any debits or credits on the account will transfer to Pozitive Energy. Unfortunately, current contract and prices will no longer be valid and those affected will be placed onto “deemed” rates by the supplier. Deemed rates are usually significantly higher than contractual prices. Remember, unlike in domestic supply, there is no price cap in place for business energy contracts. Pozitive Energy current deemed rates (from their website) are 15p,

    What should I do?

    What should I do?

    Now that CNG ceased business, you will now be free to find another contract and will have not have any exit fees to pay. Unfortunately, prices are high now due to the energy crisis but staying on extremely high deemed rates is unlikely to make financial sense for long as we continue to experience very high energy prices. Utility Bidder is here to help re-price any commercial contract and see what competitive rates we can find from other business suppliers.

    DO NOT ENTER INTO ANY NEW CONTRACTS UNTIL WE HAVE SPOKEN TO YOU – TO ENSURE YOU GET THE BEST ADVICE.

    Where can I get more information?

    Both Ofgem and Citizens advice bureau have further information – and of course we will be here to help answer any questions you have.

    You can speak to our team of consultants about any concerns you may have by calling us on 01858 410000. We are trusted by over 16,000 UK businesses and have previous experience dealing with similar circumstances as we have been appointed by administrators on other energy broker companies that have ceased business.

    Deemed Rates

    Did you know that you could end up paying more for your business energy if you allow your contract to expire? These rates are known as ‘out of contract’ or ‘deemed’ energy rates and could result in significantly higher energy bills, which may be a waste of money for your business. On this page, we reveal the price of ‘out of contract rates’ compared to in-contract rates, as well as how many businesses across the UK could be paying more than they should.

    What is a Supplier of last resort?

    The UK energy regulator, Ofgem, will allocate a Supplier of last resort (SoLR) on a case-by-case basis to replace the supply of electricity and/or gas when the initial supplier goes bust. Due to the ongoing energy crisis, many energy suppliers had to cease business because of the skyrocketing prices, this is where a supplier of last resort is beneficial.

    SoLR Guide

    Frequently asked questions

    The energy regulator, Ofgem, will implement a SoLR or “supplier of last resort” if your supplier ceased business.

    No, if your supplier ceased business, your supply will not be cut off. This is because you will be given a SoLR or “supplier of last resort” to ensure you have a continuous supply of gas and electricity. Other suppliers will bid to replace the contracts of businesses that have ceased trading and Ofgem will try to get the best possible deal for the customer in these circumstances.

    Ofgem will be working on finding your supplier as quickly as possible. This will be announced on their website within a few days.

    Your business contract will now be void and you will immediately be put on an “out of contract” rate which may result in your bills increasing. This will only be the case until a new tariff is agreed.

    In regards to domestic customers, the protection of funds paid by non-domestic customers into their accounts “cannot be guaranteed”.

    Depending on your new supplier, you will still need to pay the debt to your new supplier if they have agreed to take on customer debts owed to your old supplier. If this is not the case, you will need to set up a payment plan with your old supplier’s administrators that will get in touch with you.

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