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.

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

Privacy Preference Center

Necessary

Advertising

Analytics

Other