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    UK Centrica takes on clients of two failed retailers

Summary

Customers will continue to receive gas and power. [image credit: Centrica]

by: William Powell

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Complimentary, Natural Gas & LNG News, Europe, Corporate, Market News, News By Country, United Kingdom

UK Centrica takes on clients of two failed retailers

UK dominant utility Centrica has been chosen by regulator Ofgem to supply gas and power to customers of PfP Energy and MoneyPlus Energy, it said September 10. Both suppliers had collapsed September 7 as the gap between regulated retail and soaring wholesale energy prices widens, but the deal means their customers will continue to receive an uninterrupted supply of both fuels. The switchover is part of Ofgem’s Supplier of Last Resort process.

PfP Energy had 80,000 domestic customers and around 5,000 business customers. MoneyPlus Energy had around 9,000 domestic customers.

Centrica CEO Chris O'Shea said Centrica was "a brand trusted by millions and would work to ensure the new customers stayed with it."