Eon Next appointed as supplier of last resort for three retailers

Eon Next will take on the 233,000 customers of three failed retailers as the supplier of last resort (SoLR), Ofgem has announced.

Last week the regulator confirmed the failures of Enstroga, Igloo and Symbio Energy.

Southampton-based Igloo supplied 179,000 cutomers, Symbio 48,000 and Enstroga 6,000. Combined they represented a less than one per cent domestic market share.

The latest batch of failures takes the total number to 12 this year, exceeding the previous record of nine set in 2019.

An unprecedented rise in wholesale gas costs has led to a slew of supplier failures in recent weeks, with well over 2 million customers seeing their supplier go under so far.

Since 2016 a total of 34 suppliers have exited the market through the SoLR process.

Neil Lawrence, Ofgem’s director of retail, said: “I am pleased to announce we have appointed Eon Next for the customers of  Enstroga, Igloo Energy and Symbio Energy.

“We understand that this news may be unsettling for customers, however they do not need to worry. Their energy supply will continue as normal, and customer credit balances will be honoured.”

Utility Week has launched its Energy Reset campaign, in a bid to ensure the current crisis results in real reform of the energy retail market.