Green Network Energy is ceasing to trade

BigBlueSky

(I've posted on the existing Reviews thread, but thought I would post here for those who are not checking on it).
Green Network Energy is ceasing to trade

Green Network Energy is ceasing to trade. Ofgem, the energy regulator, is appointing a new supplier for its customers. Customers need not worry, their supplies are secure and domestic credit balances are protected. Ofgem’s advice is not to switch, but to wait until they appoint a new supplier for you. This will help make sure that the process of handing customers over to a new supplier, and honouring credit balances, is as hassle free as possible for customers. Customers can find support and advice on the Ofgem website. Alternatively, If customers need additional support, they can call Citizens Advice on 0808 223 1133 or email them via their webform. Advice will also be shared on Ofgem’s twitter @ofgem and facebook channels.

BigBlueSky

Details from Ofgem - https://www.ofgem.gov.uk/publications-and-updates/ofgem-protects-customers-failed-suppliers-green-network-energy-and-simplicity-energy

pallyman

I hope ofgem do not give GNE customers to SP

rp1974

Best brace yourselves for yet another Scottish Power SOLR palaver.
Could be wrong,will be interesting to see how events transpire though.

BigBlueSky

Does anyone know how long the process normally takes from announcing that these are ceasing to trade to being over to the new provider ?

I'm wanting to move away ASAP but obviously now is not the time to do it.

[Deleted User]

BigBlueSky said:

Does anyone know how long the process normally takes from announcing that these are ceasing to trade to being over to the new provider ?

I'm wanting to move away ASAP but obviously now is not the time to do it.

With the YE to SP SOLR process it took 3 days before Ofgem notified us who was their appointed SOLR.

BigBlueSky

[Deleted User] said:

BigBlueSky said:

Does anyone know how long the process normally takes from announcing that these are ceasing to trade to being over to the new provider ?

I'm wanting to move away ASAP but obviously now is not the time to do it.

With the YE to SP SOLR process it took 3 days before Ofgem notified us who was their appointed SOLR.

That doesn't sound too bad.  Does that mean in that situation people could then sign up to a new provider at that point ?

Phones4Chris

BigBlueSky said:

Does anyone know how long the process normally takes from announcing that these are ceasing to trade to being over to the new provider ?

I'm wanting to move away ASAP but obviously now is not the time to do it.

Well it was 3 days between YE announcing on the 2nd Dec. and OFGEM announcement on the 5th. Potential SoLR's (if any) have to make submissions to OFGEM.

[Deleted User]

@ Phones,  I shall leave the next reply to you sir

BedrockFred

BigBlueSky said:

DerwentMailman said:

BigBlueSky said:

Does anyone know how long the process normally takes from announcing that these are ceasing to trade to being over to the new provider ?

I'm wanting to move away ASAP but obviously now is not the time to do it.

With the YE to SP SOLR process it took 3 days before Ofgem notified us who was their appointed SOLR.

That doesn't sound too bad.  Does that mean in that situation people could then sign up to a new provider at that point ?

No you will be stuck with whoever OFGEM stick you with  and then it depends on how long the SoLR'd appointed provider takes to get accounts up and running 
Just switch from SP who were provided when YE went bust and the jump in standing charge and units costs was around 50% for me, I have finally got away from SP was with them from when they were appointed 6th Dec 2020 till 26th Jan 2021 so two months of costly energy, some got away quicker but some who jumped the gun had their switches rejected and some are still waiting for SP to set up their accounts 
Keep an eye on the Db from the gas and elec area I switched as soon as both mine were SP
Good Luck

gazknights

I'm due to switch to GNE on 2nd Feb should I contact British Gas who I'm switching from and get them to cancel it?