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Entice Energy and Orbit Energy become the latest suppliers to shutter

These most recent collapses bring the total number up to 27 since the beginning of 2021. Image: Getty.

These most recent collapses bring the total number up to 27 since the beginning of 2021. Image: Getty.

Entice Energy and Orbit Energy have become the latest suppliers to collapse, marking ten in November alone.

Orbit Energy supplied around 65,000 customers, whilst Entice Energy – made up of both Entice Energy Supply Limited and Simply Your Energy Limited – had around 5,400.

Customers from both will be protected by Ofgem’s Supplier of Last Resort (SoLR) mechanism.

Both energy suppliers had failed to meet their feed-in tariff (FiT) payments, and were issued with provisional orders by Ofgem. Entice Energy owed £28,353 while Orbit Energy owed £451,296.

Additionally, Entice Energy owed outstanding Renewables Obligation (RO) payments, and had been issued a provisional order for £173,923.75.

At the beginning of November, Orbit Energy defaulted out of Elexon’s Balancing and Settlement Code (BSC), meaning it hasn’t been able to take on any new customers since then.

The shuttering of Entice Energy and Orbit Energy follows Bulb folding this week, and being placed in the Special Administration Regime (SAR). Due to its size – with 1.7 million customers in Britain – Bulb was deemed too large to be absorbed by another supplier through the SoLR mechanism.

Also in November, Social Energy Supply, Neon Reef, Omni Energy, MA Energy, Zebra Power, Ampoweruk and Bluegreen Energy Services folded.

Goto Energy, Pure Planet, Colorado Energy, Daligas ENSTROGA, Igloo Energy, Symbio Energy, Hub Energy, Green Network Energy, Simplicity Energy, Avro Energy, Utility Point, People’s Energy, PfP Energy and MoneyPlus Energy have all also ceased to trade this year.

Since January there have been 27 supplier exits from the British energy market, and there are now 28 domestic suppliers left in the market.

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