MSE News: Small energy supplier One Select stops trading - what you need to know

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in Energy
One Select, a small supplier with 36,000 domestic customers, has become the latest energy firm to stop trading. If you're affected, your energy supply will continue as normal and any outstanding credit balance you have is protected....
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'Small energy supplier One Select stops trading - what you need to know'

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'Small energy supplier One Select stops trading - what you need to know'

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Ofgem protects customers of failed supplier One Select
Ofgem says: “We have seen a number of supplier failures this year and our safety net procedures are working as they should to protect customers.”
We say: Shame your vetting procedures before granting licenses have clearly been a dismal failure.
Ofgem says: "Ofgem's priority is to make a positive difference for consumers by promoting competition in the energy markets and regulating networks."
We say: Your 'all competition is good competition' mantra has led to the very opposite of a positive difference to hundreds of thousands of customers. Slow hand clap.
In fact it's the competition model which results in lower prices. The opposite of competition is fixed prices across all suppliers. However some energy suppliers have commented that Ofgem's default tariff cap is anti-competition because it is enforced and not voluntary.
This is for example SSE's response to Ofgem's solicitation of responses on the cap: http://sse.com/newsandviews/allarticles/2018/09/sse-comments-on-the-default-tariff-cap-statutory-consultation/
However it does appear that comparison sites are pretty much out of touch with the plight of smaller suppliers. Rather incredibly, ClearScore in conjunction with Energy Helpline has this to say about smaller energy suppliers: https://clearscore.com/savings/smaller-energy-suppliers?utm_campaign=eml_oo_learn_green_small_energy_2018_12_10&utm_source=blueshift&utm_medium=email&bsft_clkid=91caf893-aa4e-48a2-99c5-86c52c9e36a3&bsft_uid=c22071fc-0e64-4804-b467-d02b689505fc&bsft_mid=0c5385a1-df43-4db5-ad11-a4129bcc172c&bsft_eid=7b9405ad-bc9b-28cc-f23e-5399ff9ce6b0
What we really need instead of unreasonably demanding action from Ofgem is for comparison sites to approach their work more responsibly instead of just considering the commission they get!
Competition is good and can keep prices down, but not at any cost, when the annoyance factor of having to deal with your supplier going bust is quite significant. The regulator for the banks is much more proactive, possibly too harsh, in resolving financial institutions before they could get anywhere near failing. Ofgem is still much too far the other way, completely toothless, and should not be trying to spin this story as 'Ofgem saves the day again!'.
Ofgem should be ogansing themselves and the suppliers to try an prevent it happening rather than praising themselves for sorting out the mess.
TBH it wouldn't surprise me if Eversmart isn't the next one to go, probably around Xmas Eve
So a comparison website company which knows that an energy company is about to go under should still list it? I don't agree with that. However in doing so the comparison site is shooting themselves in the foot because they are unlikely to get commission from a company which has gone under.
No-one makes a comparison web site out of the goodness of their heart so they should shoulder some of the responsibility!