Standard content for Members only
To continue reading this article, please login to your Utility Week account, Start 14 day trial or Become a member.
If your organisation already has a corporate membership and you haven’t activated it simply follow the register link below. Check here.
Gas-only retailer, Daligas, has confirmed it is ceasing to trade, taking the tally of failed suppliers in 2021 to 15.
The retailer, which has been operating since 2013, supplied 9,000 domestic and business customers. They have now been entered into the Supplier of last Resort (SoLR) process, joining the 250,000 customers of Pure Planet and Colorado Energy, both of which exited the market yesterday.
In a short statement, Daligas said it was unable to continue operating due to “the unprecedented energy market conditions, the record high wholesale prices and the current energy cap set by the industry regulator Ofgem”.
The latest announcements mean just under 2.4 million customers have seen their supplier fail so far this year. This compares to the total of 1.4 million between 2016 and 2020.
Yesterday (13 October), the founders of Pure Planet hit out at the government’s lack of support for the energy retail market, stressing that further failures were inevitable unless action was taken.
This morning, gas shipper CNG Group was said to be preparing to exit the wholesale market, having advised its clients to seek alternative sources of gas.
Please login or Register to leave a comment.