The Anonymous Widower

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.

January 12, 2019 - Posted by | World | ,

1 Comment »

  1. 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 | Reply


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.