You are here: Home - Household Bills - News -

Goto Energy is latest supplier to fold

0
Written by:
20/10/2021
Goto Energy has become the latest small supplier to go bust amid soaring wholesale gas prices.

It’s the fourth supplier to collapse this month, and the 13th since the start of September.

Goto supplied gas and electricity to around 22,000 domestic customers.

A statement on its website said: “It is with regret that we must announce today that goto.energy has ceased to trade.

“You may be aware of recent reports of the “meteoric” rises in wholesale energy prices. This has been driven by a global shortage of natural gas, among other factors.

“Thank you to you, our customers, who have placed their trust in us – we hope we’ve served you well during your time with us.”

What should Goto customers do?

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

Goto 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.

The ongoing energy crisis has so far led to the collapse of: Avro Energy, Utility Point, People’s Energy, PfP Energy, Green Supplier, MoneyPlus Energy, Symbio Energy, Igloo Energy, Enstroga, Colorado Energy, Pure Planet and Daligas.

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.

Big flu jab price hikes this winter: Where’s cheapest if you can’t get a free vaccine?

Pharmacies, supermarkets and health retailers are starting to offer flu jabs ahead of the winter season, but t...

Is now the time to fix your energy deal?

Fixed energy tariffs all but disappeared during the energy crisis. But now they are back with an increasing nu...

Everything you need to know about the pension triple lock

Retirees are braced to receive another bumper state pension pay rise next year due to the triple lock mechanis...

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.

The best student bank accounts in 2023: Cash offers, tastecards and 0% overdrafts

A number of banks are luring in new student customers with cold hard cash this year – while others are compe...

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Money Tips of the Week