There are 12 suppliers in the UK that are technically insolvent and therefore at risk of collapse, according to analysis from accountants Price Bailey.
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.