Economy Energy Customers Moved To Ovo Days After Ninth Bankruptcy In A Year
The title of this post is the same as that of this article on City AM.
These are two paragraphs from the article.
Ovo has already established itself as a so-called supplier of last resort, willing to take on customers of companies which are unable to keep trading.
In November it started serving almost 300,000 customers who were left without an energy supplier when Spark Energy went bankrupt.
Ovo is certainly growing its customer base from bankrupt suppliers and I hope it has got its sums correct and doesn’t overstretch itself.
It must be getting very practised at handling customers worried about their energy supply and costs.
In addition, it is showing itself to be an innovative supplier and is venturing into new markets.
The Anonymous Widower 
I had just switched to Spark, when OFGem forced them (by exacting a £14M penalty) to cease trading, however they have not, as yet, appointed insolvency practitioners. My account and terms were transferred / taken over by OVO. Extra Energy did on the other hand did go bust and their customers were dumped on standard tariffs at Scottish Energy.
Comment by Mark Clayton | January 12, 2019 |