Energy companies, Neon Reef and Social Energy Suppl, have announced they are ceasing to trade, meaning that 21 energy suppliers have collapsed since the start of September.17 Nov 2021
Is Neon Reef energy still trading?
Ofgem announced on 16 November 2021 that Neon Reef Limited and Social Energy Supply Ltd had ceased to trade. Ofgem encourage customers not to switch until they are set up with their new supplier.22 Nov 2021
Who took over neon reef?
British Gas
Is Neon reef going out of business?
An energy firm in Dorset with around 30,000 customers is one of the latest small suppliers to announce it has ceased trading, as soaring wholesale prices continue to impact the sector. Neon Reef confirmed on its website that with “regret” it was no longer trading.17 Nov 2021
Is Neon reef a stable company?
Neon Reef Limited in administration (“the Company”) Energy supplies have remained secure throughout this process, with British Gas supplying energy to all customers from this date. The Company ceased supply of energy from 21 November 2021.
What happens to neon reef customers?
Ofgem announced on 16 November 2021 that Neon Reef Limited and Social Energy Supply Ltd had ceased to trade. As part of Ofgem's Supplier of Last Resort process, customers will receive an uninterrupted supply of energy and domestic customers' credit balances are protected.22 Nov 2021
Are Neon Reef energy in trouble?
Neon Reef and Social Energy Supply, which have over 35,000 household customers between them, have become the latest energy providers to cease trading meaning 19 domestic energy suppliers have gone bust since September. If you're affected, your supply will continue and credit balances are protected.16 Nov 2021