Ofgem unveils stress test for suppliers after cascade of collapses
From January, energy suppliers will need to undergo financial stress testing to prove their resilience in light of the cascade of supplier collapses in recent months.
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From January, energy suppliers will need to undergo financial stress testing to prove their resilience in light of the cascade of supplier collapses in recent months.
ScottishPower has been appointed as Supplier of Last Resort (SoLR) for Entice Energy and Orbit Energy’s combined 70,400 customers.
Entice Energy and Orbit Energy have become the latest suppliers to collapse, marking ten in November alone.
The energy price crisis that has seen more than 20 small suppliers collapse has now left millions of customers in the dark over refunds and looming bills.
The energy price crisis that has seen more than 20 small suppliers collapse has now left millions of customers in the dark over refunds and looming bills.