Yorkshire Energy has become the fourth power supplier to enter the supplier of last resort (SoLR) process this year.
The retailer, also known as Daisy Energy, had entered into level two credit default yesterday (1 December) according to Elexon.
Yorkshire Energy had around 74,000 domestic customers, as well as a small number of non-domestic customers. These will now be transferred to another supplier.
There has been speculation for several weeks about the company’s future, with Sky News reporting that KPMG had been brought on board to assess options for fresh investment.
Chief executive Annie Faulder wrote in a statement on the company’s website: “After two and a half years in operation we sadly have begun proceedings to cease trading. We have operated since day 1 with the simple values of transparency and honesty, paying our renewable obligations on time and having customer service that we are proud of.”
Yorkshire joins Gnergy, Effortless Energy and Tonik, all of which ceased trading earlier this year.
Meanwhile the customers of council-backed retailer Robin Hood Energy have been acquired by Centrica while its fellow local authority-owned supplier Bristol Energy has been acquired by Together Energy.
Industry experts have previously spoken to Utility Week and predicted that a “winter of discontent” may be on the way for some suppliers.