As threatened for weeks, renewable energy supplier and UK startup star Bulb has collapsed. It will enter an untested bailout process, which will rely on…
Continue ReadingAvro Energy, one of the largest casualties of the gas price spike, owed £90 million to customers when it ceased trading in September,…
Continue ReadingWith more than a dozen energy suppliers folding and others teetering on the brink of collapse, consumers sought security with large companies in…
Continue ReadingNeon Reef and Social Energy Supply Collapse, Affecting 35,000 Households
Written by Lauren Smith in Energy Suppliers
Two more energy suppliers have folded, bringing the toll of the gas crisis to 21 firms in the last 10 weeks.
Continue ReadingOctopus to Raise £4bn to Expand its ‘Fan Club’ Model for Local Renewables
Written by Lauren Smith in Energy Suppliers
The Octopus Energy Group plans to raise £4 billion to fund the global expansion of its ‘Fan Club’ model, which offers households discounted…
Continue ReadingOfgem Appoints New Suppliers for Customers of Six Collapsed Companies
Written by Lauren Smith in Energy Suppliers
The energy regulator has found new suppliers to take over the more than 70,000 customers stranded by the collapse of six energy suppliers…
Continue ReadingCNG Energy Becomes 20th Supplier to Collapse Since August
Written by Lauren Smith in Energy Suppliers
The ongoing surge in natural gas prices has felled another supplier: business energy specialists CNG Energy, which supplied gas to around 41,000 firms.
Continue ReadingStruggling Energy Suppliers Owe a Record £276m to Renewables Fund
Written by Lauren Smith in Energy Suppliers
37 energy suppliers failed to meet an early September deadline for paying into a scheme that supports renewable generation, leaving a record £276…
Continue ReadingSupplier Bluegreen is the latest name in the ever-growing obituary of energy companies who have been forced to fold after skyrocketing energy prices.
Continue ReadingScottish Power Profits Hit by High Gas Prices and Low Wind Speeds
Written by Lauren Smith in Energy Suppliers
Scottish Power has reported a sharp downturn in profits across the first nine months of 2021, with its energy retail business clobbered by…
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