Energy supplier market shrinks by over half as further ‘tough times ahead’
The number of domestic energy suppliers has fallen by over half from 47 to 25 since the start of 2021.
The number of domestic energy suppliers has fallen by over half from 47 to 25 since the start of 2021.
ENSTROGA, Igloo Energy and Symbio Energy have become the latest small suppliers to cease trading.
Avro Energy and Green Supplier Limited have become the latest small suppliers to fail, amidst a turbulent period.
Energy secretary Kwasi Kwarteng is today (20 September) convening a roundtable on the way forward for the energy industry following high gas prices and supplier exits.
People’s Energy and Utility Point have become the latest small suppliers to collapse, taking the total this year to seven.
Five small suppliers have now gone bust this year following the announcement that PfP Energy and MoneyPlus Energy are to cease trading.
ESB Energy has taken a 75% stake in challenger energy supplier So Energy, with the two businesses to merge under the latter’s brand.
A third UK energy supplier has now ceased to trade this year, with Hub Energy announcing that it is shuttering.
Another two power suppliers have ceased to trade, in what continues to be a challenging market for smaller players.