Two small suppliers cease trading

Small suppliers Gnergy and Better Energy have ceased trading.

Nottingham-based Better Energy was one of nine companies in breach of the requirement to be Data Communications Company (DCC) users. It gave up its supply licence in February and went into administration on 13 March.

Gnergy was set up in 2013 by retired army major Tikendra Dewan who in 2009 led a campaign to win the right for Gurkhas to live and work in the UK.Gnergy failed to make its Renewables Obligation payments.

Further reading

Five suppliers banned from expansion until they join smart meter hub

Ofgem warns Outfox the Market over outstanding FIT payments

Ofgem agrees customers can pick up the bill to cover £12.7M in credit balances at latest failed suppliers

Ofgem says it expects ’1-4′ suppliers a year to fail as it sets out tighter oversight regime

Final order for Gnergy: supplier must pay RO bill by tomorrow

Ofgem: 42 suppliers missed RO payment deadline

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