Spark Energy shuts down domestic supply business, keeps other businesses afloat


Selkirk-based Spark Energy Supply Limited has been closed down by its parent company. It had 290,000 domestic customers.

Other businesses within the Spark Group, such as Spark Business Utilities, which serves commercial customers, remain trading. The company also operates gas shipping, energy finance and home telecom subsidiary businesses.

Earlier this week the company was named by regulator, Ofgem, as one of two firms it investigating over unpaid Renewables Obligation buyout payments, which suppliers are obliged to pay if they do not buy a certain amount of power from renewable sources.

Some £59m is missing and other suppliers will have to find the money or potentially, also go bust.

Extra Energy ceased trading on Wednesday and market participants think more will follow.

Related stories:

Extra Energy goes bust

Ofgem tightens rules for new energy suppliers as money goes missing

Big cracks emerging in energy retail

Risk mismanagement: More suppliers will go bust

Utility Warehouse: More independent suppliers will go pop

Click here to see if you qualify for a free subscription to the print magazine, or to renew.

Follow us at @EnergystMedia. For regular bulletins, sign up for the free newsletter.


Please enter your comment!
Please enter your name here