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The UK arm of a US-based energy retailer has become the 17th company to enter the supplier of last resort (SoLR) process this year, Ofgem has confirmed.
Bluegreen Energy was founded in the US in 2011 and has since expanded into Europe and Japan.
The company’s UK brand, Bluegreen Energy Services, served around 5,900 domestic customers, as well as a small number of non-domestic customers. 
In a statement on its website, the company said it had found itself in an “unsustainable situation” due to the continuing energy crisis and has been “forced to make the difficult decision to cease trading”.
Meanwhile, Ofgem said it is working closely with government and industry to make sure customers continue to be protected over the winter.
Since first being invoked in 2016, a total of 39 suppliers have exited the market via the SoLR process.
With 17 failures so far this year, more than 2.4 million energy customers gone through the process.
Following the prolonged period of market turmoil, Ofgem announced plans last week to undertake a review of the energy price cap and make it faster for companies to recoup costs incurred by acting as an SoLR.
The regulator said it is also putting a pause on all new applications for supply licences for at least six months.
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