Yorkshire Energy becomes most recent supplier to go bust

Yorkshire Energy becomes most recent supplier to go bust: Yorkshire Energy, aka Daisy Energy, is now the latest UK supplier to cease trading.

Under Ofgem‘s safety net, the energy supply of Yorkshire Energy’s 74,000 domestic customers as well as a small amount of business customers will continue and outstanding credit balances of domestic customers will be covered.

Ofgem will now select a new supplier to accept all of Yorkshire Energy’s customers.

The regulator is suggesting customers not to switch suppliers until a new one has been appointed and they will contact them in the upcoming weeks.

Additionally, customers are advised to take a meter reading to be ready for when the new supplier contacts them as this will make the process of transferring customers and paying back outstanding credit balances as smooth as possible.

Philippa Pickford, Director of Retail at Ofgem announced: “Yorkshire Energy customers do not need to worry, as under our safety net we’ll make sure your energy supplies are secure and domestic customers’ credit balances are protected.

“Ofgem will now choose a new supplier for you and whilst we are doing this our advice is to wait until we appoint a new supplier and do not switch in the meantime. You can rely on your energy supply as normal. We will update you when we have chosen a new supplier, who will then get in touch about your new tariff.”

Yorkshire Energy becomes most recent supplier to go bust

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