02-10-2021, 10:38 AM
The Liberal Party notes the recent fall into business administration of independent energy suppliers Simplicity Energy and Green Network Energy covering over 410000 customers.
Their business failure is the latest in a long line of independent energy suppliers unable to compete effectively in the UK energy market thereby reducing choice and competitive prices and tariffs.
The two firm’s customer base are reported to have already been passed over to British Gas Evolve and EDF respectively by Ofgem as part of its Supplier of Last Resort program but this action simply ensures the big 6 firms retain the market.
The Liberal Party believes that the energy regulator Ofgem should be managing the UK market to ensure a level playing field for new entrants and the availability of the best tariffs to customers and the ability to seamlessly move between suppliers.
Their business failure is the latest in a long line of independent energy suppliers unable to compete effectively in the UK energy market thereby reducing choice and competitive prices and tariffs.
The two firm’s customer base are reported to have already been passed over to British Gas Evolve and EDF respectively by Ofgem as part of its Supplier of Last Resort program but this action simply ensures the big 6 firms retain the market.
The Liberal Party believes that the energy regulator Ofgem should be managing the UK market to ensure a level playing field for new entrants and the availability of the best tariffs to customers and the ability to seamlessly move between suppliers.