supplier of last resort

  • Home supply and services

    Last Resort Supplier Payments: the impact on domestic electricity bills

    The presence of a significant increase in commodity costs in 2021, combined with the Default Tariff Cap limiting the revenues that suppliers can recover in the domestic market, has contributed to a number of suppliers falling into insolvency in the last 9 months. The Supplier of Last Resort (SoLR) process...

  • Home supply and services

    900,000 domestic customers impacted by SoLR over last two years

    Across 2020 and 2019, 887,000 domestic customers were supplied by a company which exited the market via the Supplier of Last Resort mechanism (SoLR). On average, this is around 1.7% of the market per year. In 2018, 551,000 domestic customers were supplied by a company which entered the Supplier of...

  • 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...

  • Home supply and services

    Chart of the week | Domestic supply: Highest highs and lowest lows

    The last 12 months have been difficult for many energy suppliers. Volatile wholesale prices, caps on tariffs and challenges managing cashflows have put the pressure on and lead to 12 domestic supplier exits between July 2018 and July 2019. Nine were through Ofgem’s Supplier of Last Resort (SoLR) auctions, two...