Which UK energy suppliers have gone bust?

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Tea

It’s a turbulent time for the UK energy sector – and households face uncertain times of rising prices and worrying news about suppliers going out of business.

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In recent weeks, several energy companies have gone to the wall, leaving millions of customers dependent on the safety net provided by the markets regulator, Offgame. The latest three — Orbit Energy, Antis Energy and Bulb — closed business this week, bringing the total number of firms that closed from August 25 through August, and this year’s total to 28.

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The regulator’s safety net maintains supply to domestic customers and protects their credit balances while Energy Sentinel moves their accounts to a new supplier.

replacement supplier

For example, earlier this month, a group of energy providers took over customers of Bluegreen, Empower, Zebra Power, MA Energy, Omni Energy and CNG Energy. Replacement. You can see a full list of recent changes below.

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New suppliers for Neon Reef and Social Energy Supply’s customers will be announced by Offgame, following a competitive bidding process, in the coming days. Until then, customers are guaranteed supplies, along with any credit balances they maintain with their old supplier – and are advised by the regulator not to switch. When they go to their newly appointed supplier they will pay no more than the current offgame energy price limit, which is set at £1,277 per year for average households.

The actual bill, as is always the case, will be determined by the amount of energy used. The price cap applies to the amount that the supplier can charge for each unit of gas and electricity used, and to the fixed charges levied on the account.

A recent crop of significant corporate failures have been attributed to a rise in wholesale prices, particularly for natural gas, which has seen prices rise by 250 percent since the start of the year. Suppliers say the presence of the range prevents them from passing the price increase on to customers.

The cap will be next reviewed in February and implemented in April. There are widespread fears that the typical consumption limit may be 1,600 pounds or more.

The table below shows failing energy companies going back to 2016 and the scale of the turmoil in recent months is staggering.

Dateunsuccessful suppliercustomersgetting a supplier
November 2021Antis Energy Supply Limited5,400to be confirmed
November 2021orbit energy65,000to be confirmed
November 2021bulb1,700,000*in special administration*
November 2021Neon Reef Limited30,000British Gas
November 2021Social Energy Supply Ltd.5,500British Gas
November 2021CNG Energy Limited41,000positive energy
November 2021Omni Energy Limited6,000Utility
November 2021MA Energy Limited300Smartest Energy Business Limited
November 2021Zebra Power Limited14,800British Gas
November 2021Empower UK Limited2,000You Energy
November 2021BlueGreen Energy5,900British Gas
October 2021goto energy22,000shell energy
October 2021daligas9,000shell energy
October 2021pure planet235,000shell energy
October 2021Colorado Energy15,000shell energy
September 2021symbio50,000EON NEXT
September 2021igloo180,000EON NEXT
September 2021anstroga6,000EON NEXT
September 2021euro600,000Octopus
September 2021Green350,000oyster
September 2021people’s energy350,000British Gas
September 2021utility point200,000EDF
September 2021PFP Energy80,000British Gas
September 2021MoneyPlus Energy9000British Gas
August 2021hub energy15,000next cycle
January 2021simplicity energy50,000development of british gas
January 2021Green Network Energy367,500EDF
December 2020Yorkshire Energy74,000Scottish Power
October 2020tonic energy130,000Scottish Power
September 2020spontaneous energy2,500Octopus
March 2020Ganerjee9,000bulb
December 2019Sameer18,000British Gas
October 2019This134,000EDF
October 2019Utili (Rutherford)280total gas and power
September 2019Eversmart29,000Utility
August 2019solarity8,000EDF
August 2019Cardiff Energy Supply Ltd.800SSE
March 2019Very good17,000SSE (currently SSE OVO)
January 2019our power32,000Utility
January 2019economy energy237,000This
December 2018a selection33,000together energy
November 2018spark energy290,000This
November 2018excess energy108,000Scottish Power
October 2018Usio Energy7,255first utility (shell currently)
July 2018Iressa Energy95,000Octopus Energy
July 2018UK National Gas80Hudson Energy
January 2018future energy10,000Green Star Energy
November 2016GB Energy160,000coop energy

*Data provided by Citizens Advice and Offgame

Roughly the same number of customers are affected by the September 2021 shutdowns of energy companies as it did for the entire period from 2016 to 2020.

The recent closure is a testimony to the depth of the current crisis in the energy market. We will update the list, as expected, as further corporate casualties are announced.

Energy Price Cap Increase

Earlier this summer, Offgame announced that its price cap, which limits how much energy companies can charge their customers per unit of energy and related permanent fees, would increase from £139 to £1,277 from 1 October.

It is worth remembering that this figure is for a family with normal consumption values; Actual bills will always be determined by how much energy is used.

This limit applies to approximately 11 million households at the standard variable rate ‘default’ tariff. The cost of prepayment tariff is also limited. The figure also rose to £1,309 from £153 earlier this month and affects nearly four million households.

Other tariffs, notably fixed rate, fixed term deals, are not subject to the cap. Prior to September 2021, it was usually a matter of costs far below the cap level for fixed deals.

However, this is no longer the case due to the cost of bulk energy.

The 12% increase in the price cap on October 1 was aimed at allowing suppliers to pass on the increased cost of buying bulk fuel. But rising prices have meant that many suppliers are now making losses.

What happens when a supplier goes bust?

The impact of a firm’s closure is mitigated by the safety net of offgame, which maintains their energy supply without interruption, and without taking any action to the customers.

It arranges for the transfer of customers’ accounts to a new supplier, working with firms to honor customers’ credit balances and manage loan repayment.

Once the transfer is complete, each customer is free to relocate to the suppliers if they so desire. At present, however, they are unlikely to get a tariff cheaper than their designated supplier’s ‘deemed’ tariff, which is required to operate within the offgame price range.

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