Page 14 - Network Energy News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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.'

Bad news for two energy firms which have collapsed, leaving 400,000 customers in the lurch TWO energy firms with a combined customer number of more than 400,000 have collapsed, Ofgem has announced. The energy regulator said that it would protect the customers of Green Network Energy and Simplicity Energy after the two businesses failed. Green Network Energy supplies around 360,000 domestic customers with gas and electricity, while Simplicity Energy has around 50,000 customers. They are the latest failures in a sector that has been squeezed in recent years. Customers will automatical...

Customers will automatically be moved to a new supplier, chosen by Ofgem, and should not take any action at this time apart from taking a meter reading, the regulator said. Ofgem director of retail Philippa Pickford 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. Yo...