Sarah Broomfield, energy expert at Uswitch.com, said:
“Challenger brands have faced a difficult year. They’ve been hit hard by the knock-on effects from the pandemic and many operate on thin profit margins.
“Ofgem will now choose a new supplier for the combined 410,000 customers of Green Network Energy and Simplicity Energy.
“Customers can be reassured that their energy supply will continue as normal and credit balances will be protected.
“Ofgem will select another supplier for customers of both companies. Anyone affected should wait until they know the details of the new provider before trying to switch.
“To ensure bills are accurate, customers should make a note of their meter readings now, and do so again when contacted by a new supplier.
“Once you know your supplier, and the tariff you have been offered, it is worth comparing prices to check if switching to another provider will offer better value for money. You will not be charged exit fees for moving to another supplier.”
FOR MORE INFORMATION
Ross Stebbing
Phone: 07827 836 709
Email: ross.stebbing@rvu.co.uk
Twitter: @UswitchPR
About Uswitch
Uswitch is one of the UK’s top comparison websites for home services switching, including energy, broadband and mobiles.
More people go to Uswitch to switch their energy, broadband and mobile than any other site, and we have saved consumers over £2.7 billion off their bills since we launched in September 2000.
Free mobile app Utrack also helps households manage their home energy usage and make potential savings.
Uswitch is part of RVU, a group of online brands with a mission to empower consumers to make more confident home services, insurance and financial decisions.
