Snowdrop Energy has finally had its licence revoked by Ofgem, more than 12 months after transferring all its customers to fellow challenger brand Nabuh.
The energy regulator announced on its website today (12 December) that it was revoking both Snowdrop’s gas and electricity licences as it no longer supplied customers.
The revocation will take effect from 14 January.
Ofgem has the power to revoke the licence of a supplier where it has either failed to begin operations within a year of the licence taking effect or where it has ceased to supply customers.
Snowdrop transferred around 6,000 customers to Nabuh in October last year.
In February this year, Utility Week reported that around 300 customers of defaulting energy providers effectively slipped through Ofgem’s safety net after the supplier of last resort (SoLR) process was not invoked.
Snowdrop was one of the suppliers understood to be involved, with the retailer being found to be in default of the Balancing and Settlement Code (BSC) last October.