Energy firm Daligas is latest supplier to go bust
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.