British Gas has been chosen by Ofgem to take on the customers of PfP Energy and MoneyPlus Energy following the collapse of the two suppliers last week.
Ofgem ran a competitive process to select the supplier of last resort for the two, with British Gas to take on PfP’s approximately 82,000 domestic customers and 5,600 non-domestic customers as well as MoneyPlus Energy’s approximately 9,000 domestic customers.
It is to offer customers a competitive tariff, Ofgem said, with outstanding credit balances including money owned to both existing and former customers of PfP and MoneyPlus to be honoured. British Gas will also absorb some of the costs of honouring customers’ credit balances and the migration of customers.
It follows British Gas Evolve being appointed to take on Simplicity’s customers following the collapse of Simplicity early this year.