Toto Energy is the latest energy supplier to go bust
Toto Energy is the second energy supplier to go bust in just 8 days and the 15th domestic energy supplier to fail.
The table below lists UK energy suppliers which have gone bust since November 2016. Although there were occasional failures prior to this date, they were few and far between. GB Energy Supply, which spectacularly imploded in November 2016 marked the first of the failures of the huge wave of domestic energy suppliers that entered the UK energy market under Ofgem rules that allowed energy suppliers to get a license with little if any capital, and with no relevant industry experience.
As you can see, Ofgem’s laid back approach to energy supplier market entry has created havoc for over a million energy consumers, and driven up bills as the carcasses of failed energy suppliers mounts up.
The real irony is that some of the suppliers appointed by Ofgem to rescue “failed suppliers” are now at risk of failing themselves. Indeed, some customers will now have been with 2 or more failed suppliers. A seperate article on that will follow.
We’ll update this page with new data as more energy companies collapse. Please check back regularly (if you’re into that sort of thing).
In the meantime, if your old energy supplier appears on this list here is what you need to do.
To avoid getting stuffed with a poor deal with the new energy supplier, please make sure you compare what you have been offered.
There are 2 easy ways to do this. Just pick the one that suits you best.Option 1. See how it compares before applying. Click here...
Option 2. Call us to get a comparison over the phone.
Energy suppliers that have gone bust
The data in the table below has been sourced from multiple public domain sources. Source data includes announcements from industry regulator Ofgem, cross-checked with energy supplier websites and Companies House filings.
The Supplier column shows the name of the failed energy supplier.
The new supplier column shows which energy supplier was appointed by Ofgem to take over the failed supplier’s customer base under the SOLR (Supplier of Last Resort) provisions.
|Date||Supplier||No. of customers|
|New supplier||Customers affected - domestic (cumulative)|
|23 Oct 2019||Toto Energy|
(TOTO Energy Limited)
|134,000 domestic||To be announced||1,155,800|
|15 Oct 2019||Uttily Energy|
(Rutherford Energy Supply Limited)
|280 business||Total Gas and Power|
|6 Sep 2019||Eversmart Energy|
(Eversmart Energy Ltd)
|13 Aug 2019||Solarplicity|
(Solarplicity Supply Limited)
|9 Aug 2019||Cardiff Energy Supply|
(Cardiff Energy Supply Limited)
|11 Mar 2019||Brilliant Energy|
(Brilliant Energy Supply Limited)
|25 Jan 2019||Our Power|
(Our Power Energy Supply Limited)
|8 Jan 2019||Economy Energy|
(Economy Energy Trading Limited)
|235,000 domestic||OVO Energy||936,500|
|10 Dec 2018||One Select|
(One Select Energy Supply Limited)
|36,000 domestic||Together Energy||701,500|
|10 Dec 2018||Spark Energy|
(Spark Energy Supply Limited)
|290,000 domestic||OVO Energy||665,500|
|21 Nov 2018||Extra Energy|
(Extra Energy Supply Limited)
|15 Oct 2018||Usio Energy|
(Usio Energy Supply Limited)
|7, 000 domestic||First Utility||267,500|
|500 domestic||Octopus Energy||260,500|
|27 Jul 2018||Iresa|
|90,000 domestic (approx.)||Octopus Energy||260,000|
|Jul 2018||National Gas and Power Limited||80 business||Hudson Energy|
|25 Jan 2018||Future Energy|
Future Energy Utilities Limited
|10,000 domestic||Green Star Energy||170,000|
|26 Nov 2016||GB Energy Supply|
GB Energy Supply Ltd
|160,000 domestic||Co-operative Energy||160,000|
Other energy suppliers withdrawing from the market
For the record, here is a list of energy suppliers who have exited the market in a more orderly way (without crashing and burning).
|Date||Supplier||No. of customers|
|Exit type||New supplier|
|5 Feb 2019||Sainsbury's Energy||Not disclosed||Withdrawal from market||British Gas
No change to supplier as already supplied by British Gas
|31 Aug 2018||Affect Energy|
(Affect Energy Ltd)
|22,000 domestic||Trade sale||Octopus Energy|
|25 Jan 2018||Flow Energy|
(Flow Energy Limited))
|230,000 domestic||Trade sale (at distressed prices)||Co-operative Energy|
|21 Dec 2017||Brighter World Energy|
(Brighter World Energy Ltd)
|Unknown||Orderly wind down||Robin Hood Energy|
And here is the sorry story in pictures….in reverse chronological order.
If you are a Toto Energy customer and want to check out your options call us on …..
Eversmart Energy seem to have been so keen to exit the market they haven’t even bothered to keep their website live. Anyone who was with Eversmart Energy and needs to contact them well, I’m afraid you are all out of luck.
If you’re an Eversmart Energy customer and don’t like the Utilita deal you’ve been offered call us to get a comparison over the phone…
…. or pop your postcode into the box below to check online.
Cardiff Energy Supply
Millions of pounds of public funds were wasted on this doomed venture.
GB Energy Supply
That’s all for now. More to follow we’re sure.
Remember, you do not have to accept any new energy deal you are offered by the new supplier who takes over your supply. What you absolutely should do is a comparison to see how that deal stacks up. If necessary, leg it out of there. Pop your postcode into the box below to check online.
Or call us to get a free independent comparison over the phone…
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Last update: 23 October 2019