Our analysis on the domestic energy market showing 1.7% of domestic energy customers have been rescued by the Supplier of Last Resort process in the last two years, featured in This is Money.
The first half of 2021 has already seen 1.5% of customers in the domestic retail market being served by suppliers subject to the SoLR process, almost as much as was seen in the whole of 2019 and 2020 put together.
Commenting on the issue Naomi Potter explained that the
Commenting on the analysis Naomi Potter analyst at Cornwall Insight explained that the regulator has responded to the challenges around market exits with the introduction of tougher entry tests for suppliers in June 2019.
Looking forward, rising wholesale prices and ongoing Covid-19 related impacts suggest a difficult year ahead for suppliers, with further SoLR exits very much in scope.Naomi Potter