Enstroga, Igloo and Symbio Energy all go bust: Three more firms collapse hitting nearly a quarter of a million households
Three more energy suppliers have collapsed today, affecting 233,000 households.
Enstroga, Igloo Energy and Symbio Energy have gone bust, thanks to the ongoing energy crisis.
The biggest of the three, Igloo Energy, provided energy to around 179,000 domestic customers. Meanwhile, Symbio had 48,000 and Enstorga 6,000.
Three more energy firms have announced they are ceasing to trade, affecting thousands
Under Ofgem’s safety net, the energy supply of Enstroga, Igloo Energy and Symbio Energy customers will continue and funds that domestic customers have paid into their accounts will be protected, where they are in credit.
Domestic customers will also be protected by the energy price cap when being switched to a new supplier.
Customers of Enstroga, Igloo Energy and Symbio Energy will be contacted by their new supplier, which will be chosen by Ofgem in the coming days.
In the coming weeks, households are advised to stay put and wait until their new supplier contacts them before looking to switch to another energy supplier.
Customers should also take a meter reading ready for when their new supplier gets in touch.
Neil Lawrence, Director of Retail at Ofgem, said: ‘Ofgem’s number one priority is to protect customers. We know this is a worrying time for many people and news of a supplier going out of business can be unsettling.
‘I want to reassure customers of Enstroga, Igloo Energy and Symbio Energy that they do not need to worry. Under our safety net we’ll make sure your energy supplies continue.
Customers of Enstroga, Igloo Energy & Symbio Energy will be contacted by their new supplier
‘Ofgem will choose a new supplier for you and while we are doing this our advice is to wait until we appoint a new supplier and do not switch in the meantime. You can rely on your energy supply as normal.
‘We will update you when we have chosen a new supplier, who will then get in touch about your tariff.
‘Any customer worried about paying their energy bill should contact their supplier to access the range of support that is available.’
I n recent weeks there has been an unprecedented increase in global gas prices which is putting financial pressure on suppliers.
As a result, many suppliers have gone bust in recent times including People’s Energy, Utility Point, PfP Energy, MoneyPlus Energy, Avro and Green Energy.
Ofgem is now in the process of finding customers new suppliers with Octopus Energy taking over more than half a million Avro customers under the Supplier of Last Resort rules at the weekend.
Once customers have moved supplier, they can look around to see if there is a better deal they wish to switch to.
Due to the ongoing crisis fixed price tariffs, which are usually considered the best deals, are now hundreds of pounds higher than a couple of weeks ago.
This means it may be worth moving to a default tariff with the cap for a typical household set at £1,277 a year as of 1 October.