You are here: Home - Household Bills - News -

Energy firm Daligas is latest supplier to go bust

0
Written by: Emma Lunn
15/10/2021
The small supplier is the third energy firm to go under this week amid soaring wholesale gas prices.

Daligas supplied gas to about 9,000 domestic and non-domestic customers. It’s exit from the market comes after the collapse of a number of small suppliers in recent weeks including Avro Energy, Utility Point, People’s Energy, PfP Energy, Green Supplier and MoneyPlus Energy.

A statement on Daligas’ website confirmed that the firm has ceased to trade. It said: “From the 14th of October 2021, due to the unprecedented energy market conditions, the record high wholesale prices and the current energy cap set by the industry regulator Ofgem, we are unable to keep our team and business operating. From all of us, please accept our deepest thanks for your support throughout all these years.”

The energy price cap sets a maximum amount that customers can be charged per unit of energy. But if energy suppliers have to pay more than this to buy wholesale energy, there is no similar policy in place to protect them.

What should Daligas customers do?

Energy regulator Ofgem will appoint a new supplier for Daligas customers in the coming days. Gas supply will continue as normal and any in-credit funds are protects in customers’ accounts.

Daligas customers should take meter readings today and wait until their new supplier contacts them. Once they have been contacted, customers can ask to be put on their new supplier’s cheapest deal or shop around for a better deal from another supplier. They will not be charged exit fees for switching away from their new supplier.

This week also saw Pure Planet and Colorado Energy cease trading.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape, and moving your cash savings to a higher paying deal is a good plac...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week