Supplier failures

  • Press Releases

    900,000 domestic customers impacted by SoLR over the last two years

    Analysis by Cornwall Insight shows that 1.7% of customers in the retail energy market have been with suppliers subject to the Supplier of Last Resort mechanism (SoLR) process. Between 2020 and 2019, 887,000 domestic customers were supplied by a company that exited the market via SoLR, and in 2021 alone,...

  • Press Releases

    Heightened risk of suppliers failing to meet their Renewables Obligation

    Latest forecasts from Cornwall Insight show a potential shortfall in the Renewables Obligation (RO) buy-out fund of approximately half of the £16.94mn mutualisation threshold. Supplier exits to date alone are not expected to trigger the mutualisation process. However, there is a heightened risk that some active suppliers may now be...

  • Press Releases

    More than £40mn to be recovered from consumers due to failed suppliers Renewable Obligations

    As generators are starting to receive their final Renewables Obligation Certificates (Rocs) for generation during the compliance period (CP)17 (2018-19) of the Renewables Obligation (RO), eyes will soon be turning to suppliers regarding the upcoming compliance deadline this summer. Latest calculations from Cornwall Insight’s Long-term Roc Market Forecast, predict that...