supplier exits

  • Commercial and market outlook

    CP19 of the RO sees record shortfall

    The perfect storm of challenging market conditions has persisted across the duration of the 2020-21 compliance period (CP) of the Renewables Obligation (RO), driving a large volume of supplier exits, particularly over recent months. As the dust settles on the compliance process relating to CP19 (2020-21) of the RO, this...

  • Home supply and services

    Supplier exits predicted to trigger Renewable Obligation mutualisation

    Over the past few weeks, the energy market has been under the microscope as high wholesale prices and a wave of suppliers exiting the market has hit the headlines. Amid challenging wholesale market conditions for suppliers, they are now also facing the compliance deadlines for 2020-21 of the Renewables Obligation...

  • Home supply and services

    Chart of the week | SoLR process sees largest supplier exit

    This January saw the largest supplier exit through Ofgem’s Supplier of Last Resort (SoLR) process. Green Network Energy ceased to trade on 27 January, with Ofgem appointing EDF Energy as SoLR for its 360,000 domestic customers shortly after. On the same day, the regulator announced the exit of Simplicity Energy,...

  • Home supply and services

    Chart of the week | One fifth of suppliers offering cheapest tariff have exited

    Since 2017, 15 suppliers have exited the domestic energy market through Ofgem’s Supplier of Last Resort (SoLR) process. While the exits stem from a range of reasons, many of these companies are likely to have experienced problems in cashflow. These problems are often heightened by very cheap tariffs. This Chart...