ScottishPower has been appointed as Supplier of Last Resort (SoLR) for Entice Energy and Orbit Energy’s combined 70,400 customers.
Entice Energy and Orbit Energy have become the latest suppliers to collapse, marking ten in November alone.
The UK government have put aside £1.7 billion to support failed supplier Bulb, following it going into the special administration regime earlier this week.
Ofgem has appointed British Gas as the supplier of last resort (SoLR) for Neon Reef Limited and Social Energy Supply Ltd, taking on approximately 35,500 domestic customers.
Pozitive Energy, SmartestEnergy, Utilita, British Gas and Yü Energy have all been appointed as Suppliers of Last Resort (SoLR) by Ofgem for the most recent energy suppliers to have shuttered.
Bluegreen Energy Services has become the first supplier to fail in November, leaving around 5,900 domestic customers and a small number of non-domestic customers to be picked up by the Supplier of Last Resort (SoLR) mechanism.
Pure Planet and Colorado Energy have become the latest suppliers to shutter in the UK market.
Supplier Omni Energy automatically switched customers to rival energy suppliers, after expressing concern that it is set to cease trading soon.
Cornwall Insight warns energy supply market 'on edge' for further consolidation, predicts £1,660 price cap
New modelling from Cornwall Insight has forecast that the Summer 2022 default tariff price cap could now reach around £1,660.