SoLR

  • Home supply and services

    Consolidation in the energy market predicted to continue

    It has been a turbulent time for the retail energy market, experiencing a period of consolidation with mergers and supplier exits. This supplier consolidation is expected to continue in the near term. If suppliers fail to shift their business models for the new world it is likely to continue, according...

  • Home supply and services

    Editor’s Pick | All Hallow’s Eve in the retail market

    This article was originally published in Energy Spectrum Issue 689 on 4 November 2019. Whether by accident or design last week’s last payment date for the 2018-19 Renewables Obligation (RO) followed nine days after Ofgem issued its proposals and impact assessment for ongoing monitoring of energy retailers. Halloween was always going to...

  • Regulation and policy

    Life is a SoLR-coaster you just got to ride it

    On Tuesday 13 August Solarplicity became another in an ever-growing line of suppliers to fall ill to the tough market conditions and exit the market either voluntarily or through the Supplier of Last Resort process (SoLR). Exiting the market is becoming a more common occurrence, this being the third exit...

  • Water

    Research Paper | Flying too close to the sun – SoLR processes in water and energy

    Water retailer Aquaflow Utilities will exit the non-domestic retail market in England & Wales and enter liquidation on 9 April. While the electricity and gas processes have been undertaken repeatedly over the past twelve months, this will be the first test of Ofwat and MOSL’s Supplier of Last Resort (SoLR)...

  • Home supply and services

    New year, same trend: Economy Energy exits the market

    Economy Energy exiting the market on 8 January marked the first supplier failure of 2019 and the 12th domestic supplier exit over the last 12 months. The departure of Economy Energy follows continued speculation around the supplier’s financial health. Media coverage since December 2018 reported the supplier was working with...

  • Home supply and services

    Cornwall Insight: extraordinary retail market update

    Following a series of important developments announced today, this Cornwall Insight extraordinary update covers: New information released by Ofgem on RO buy-out fund mutualisation, including coverage of enforcement action against Spark and Economy EnergyThe announcement that Extra Energy goes in to supplier of last resortSummary of a consultation launched by...

  • Commercial and market outlook

    Energy Perspective | Energy Spectrum Issue 628

    In this week’s Energy Perspective, we dissect a week that has seen three suppliers from very different backgrounds effectively stop trading. With five forced exits from the retail market since November 2016 there is little doubt that suppliers are facing more challenging conditions. However, we believe these events have also...

  • Home supply and services

    The ups and downs of energy supply: Brand and technology can make the difference in retail energy

    Three events in the last week have shown not only the contrasting fortunes in the energy supply market but also the roles of brand and technology in enabling success. The events are the credit default under electricity wholesale balancing rules of very small supplier Gen4U, the new energy supply deal...

  • Home supply and services

    SOLR power transfers Future Energy customers to Green Star Energy

    Green Star Energy has emerged as the winner of Ofgem’s supplier of last resort (SOLR) process for the 10,000 or so customers of failed supplier Future Energy. The process seems to have worked well with physical supplies continuing at the same tariff rates—be they fixed or variable—until 30 September. This...