Low winds over December are expected to lower Good Energy’s full year profits by a further £3 million.
The number of domestic energy suppliers has fallen by over half from 47 to 25 since the start of 2021.
Omni Energy, MA Energy, Zebra Power and Ampoweruk are the latest suppliers to go under as the supply market continues to shrink.
Shell Energy has been appointed by Ofgem to take on the customers of Goto Energy following the announcement of its closure earlier this week.
Ecotricity’s upped offer for Good Energy has led shareholders to sell just 2.5% of shares.
Ofgem has revoked the electricity supply licence held by Nabuh Energy over unpaid debts.
ESB Energy has taken a 75% stake in challenger energy supplier So Energy, with the two businesses to merge under the latter’s brand.
Ecotricity has made a cash offer for Good Energy, valuing the company at £45.3 million excluding the shares it already owns, or £59.6 million when included.
Good Energy has launched a new electric vehicle (EV) tariff, offering two overnight off-peak periods to charge at a cheaper rate.