Last updated: 10th March 2023
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There is a lot going on with energy prices and energy suppliers at the moment. Wholesale prices have hit record levels although are now starting to fall again. 30 energy suppliers have ceased trading since the beginning of 2021.
In this post we will look at the suppliers that have gone bust since the beginning 2021 and those that have had issues with the energy regulator Ofgem.
Which suppliers have said they should be safe?
Octopus Energy are one of the first energy suppliers to confirm they are safe. Greg Jackson, Octopus CEO, tweeted on 18/09/21 to say as a “global, very well backed company we’re fine”. As Co-op Energy, M&S Energy, Ebico and Affect Energy are powered by Octopus, it is likely these brands will be safe too.
Green Energy UK
OVO Energy and SSE
Utility Warehouse put out a statement on their website (20/09/2021) to say “Utility Warehouse (UW) is well-positioned to weather this storm and this means that as a UW customer, your service will continue”.
In a statement released on 21/09/2021, Ecotricity Founder Dale Vince said “We have 90% of our requirement bought in advance for 12 months, the other 10% is not available until closer to the point of delivery. We are thus protected to the maximum possible.”
Although there has been no written confirmation, being the UK’s biggest supplier and being chosen by Ofgem recently to take on customers of failed suppliers, it seems very unlikely British Gas will go bust. As British Gas Evolve is a sub-brand, it is likely they will be safe too.
As one of the UK’s biggest suppliers, it is very unlikely EDF energy will go bust.
E.ON, E.ON Next and Sainsburys Energy
With E.ON being one of the largest suppliers in the UK, it is very unlikely they will go bust. As they supply energy for both E.ON Next and Sainsbury’s Energy, it seems these suppliers are likely safe too.
Good Energy posted a message on their website from CEO Nigel Pocklington saying “I would like to reassure you all that Good Energy is stable, prudently run and not at risk of running into difficulty.”
Suppliers that have gone bust in 2021
Since the “energy crisis” began, 31 suppliers have gone bust:
Orbit Energy went bust on 25th November. The supplier had around 65,000 customers.
One of the smaller suppliers, with 5,400 customers, Entice Energy went bust on 25th November.
Neon Reef went bust on 16th November with approximately 30,000 customers.
On 2nd November, Ofgem announced that Ampower (who had around 600 domestic customers) had gone bust.
Omni Energy announced they had gone bust on 2nd November. They had around 6,000 domestic, pre-payment customers.
With around 300 non-domestic customers, MA Energy also went bust on 2nd November.
The largest of the 4 suppliers to go bust on 2nd November were Zebra Power. They had around 14,800 domestic customers.
With around 5,900 customers, Ofgem announced that bluegreen Energy had gone bust on 1st November.
On the 14th October, Ofgem reported that Daligas had gone bust. The company had around 9,000 domestic and non-domestic customers. These customers will be moved to Shell Energy.
On 13th October, Pure Planet went bust. The company had 235,000 customers. These customers will be moved to Shell Energy.
On 21st September 2021, Ofgem issued a provisional order to Igloo Energy for failing to pay £316,582 in Feed in Tariff payments by the deadline of 17th September 2021.
Sky News (22/09/21) reports separately that Igloo Energy is on the brink of collapse after being in contact with Alvarez & Marsal on a potential insolvency process. They have now stopped taking on new customers.
As of 29th September 2021, Igloo Energy have now gone bust. Igloo Energy had 179,000 customers.
E.ON Next have been appointed by Ofgem to take on Igloo customers.
Another energy supplier that had been in trouble with Ofgem is Symbio Energy. Already this year Symbio has been in trouble with Ofgem twice. Firstly they received a fine of £100,000 for missing the late payment deadline for their Renewable Obligations. They then received a provisional order to pay £450,000 to the feed-in tariff scheme. This followed Symbio missing the payment deadline.
Symbio were in further trouble on the 21st September 2021, with Ofgem issuing them a provisional order for failing to pay £146,238 into the government Feed in Tariff scheme.
As of 29th September 2021, Symbio Energy have now gone bust. Symbio had 48,000 customers.
E.ON Next have been appointed by Ofgem to take on Symbio customers.
On the 29th September 2021, Ofgem announced Enstroga had gone bust. The company had 6,000 customers.
E.ON Next have been appointed by OFGEM to take on Enstroga customers.
After receiving a provisional order from Ofgem earlier in the month, on 22/09/21, Ofgem announced that Avro Energy had gone bust.
The company had 580,000 customers and has now ceased trading.
Then on 22/09/21, Ofgem announced that Green. had gone bust. They had 255,000 customers and have now ceased trading.
These are the suppliers that have gone bust since the beginning of 2021:
|18th February 2022||Whoop Energy||Yü Energy|
|18th February 2022||Xcel Power||Yü Energy|
|24th January 2022||Together Energy||British Gas|
|1st December 2021||Zog Energy||EDF|
|25th November 2021||Orbit Energy||Scottish Power|
|25th November 2021||Entice Energy||Scottish Power|
|22nd November 2021||Bulb||Octopus Energy|
|16th November 2021||Neon Reef||British Gas|
|16th November 2021||Social Energy Supply||British Gas|
|2nd November 2021||Omni Energy||Utilita|
|2nd November 2021||MA Energy||SmartestEnergy Business|
|2nd November 2021||Zebra Power||British Gas|
|2nd November 2021||Ampower||Yü Energy|
|1st November 2021||Bluegreen Energy||British Gas|
|18th October 2021||GOTO Energy||Shell Energy|
|14th October 2021||Daligas||Shell Energy|
|13th October 2021||Pure Planet||Shell Energy|
|13th October 2021||Colorado Energy||Shell Energy|
|29th September 2021||Igloo Energy||E.ON Next|
|29th September 2021||Symbio||E.ON Next|
|29th September 2021||Enstroga||E.ON Next|
|22nd September 2021||Avro Energy||Octopus Energy|
|22nd September 2021||Green.||Shell Energy|
|14th September 2021||Utility Point||EDF Energy|
|14th September 2021||People’s Energy||British Gas|
|7th September 2021||PFP Energy||British Gas|
|7th September 2021||MoneyPlus Energy||British Gas|
|9th August 2021||HUB Energy||E.On Next|
|27th January 2021||Green Network Energy||EDF Energy|
|27th January 2021||Simplicity Energy||British Gas Evolve|