Go Effortless Energy is set to become the sector’s first victim of the pandemic as the supplier begins a formal process of exiting the market. The Stoke-based supplier, which has been offering gas and electricity since 2014, has informed energy regulator Ofgem that it intends to enter the Supplier of Last Resort (SoLR) scheme, industry sources say. The mechanism revokes a company’s licence to sell energy and transfers customers to a new supplier. It marks the first time an energy supplier has left the market since the start of the pandemic. There is growing concern among suppliers that some customers will not be able to pay for their gas and electricity in the coming months if they are made redundant once the Government’s furlough scheme ends. A number of suppliers have told The Telegraph that some customers are cancelling direct debits – an early indication they are struggling to make payments.
Telegraph 19th Aug 2020 read more »