Two energy suppliers, Green Network Energy and Simplicity Energy, yesterday
announced that they are ceasing to trade. Green Network Energy supplies gas and electricity to around 360,000 domestic customers as well as a smaller number of non-domestic customers. Simplicity Energy supplies gas and electricity to around 50,000 domestic customers.
Under Ofgem’s safety net, the energy supply of Green Network Energy’s and Simplicity Energy’s customers will continue and outstanding credit balances of domestic customers will be protected.
Customers of Green Network Energy and Simplicity Energy will be contacted by their new supplier, which will be chosen by Ofgem.
Ofgem’s advice to Green Network Energy’s and Simplicity Energy’s customers in the meantime is to:
Philippa Pickford, Ofgem s director of retail, said: Green Network Energy and Simplicity Energy customers do not need to worry, as under our safety net we ll make sure your energy supplies are secure and domestic customers credit balances are protected. Ofgem will now choose a new supplier for you and whilst 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 new tariff.