Another supplier has fallen victim of the current energy crisis, with CNG Energy announcing they are ceasing to trade.
41,000 non-domestic customers will be found a supplier of last resort by Ofgem, and under its safety net, will honour all outstanding credit to all of CNG Energy's customers.
If CNG's customers would like to find a supplier and tariff on their own, they're strongly advised to wait until they have been contacted by the supplier Ofgem chooses for them as a supplier of last resort.
Neil Lawrence, Director of Retail at Ofgem, said:
“Ofgem’s number one priority is to protect customers. We know this is a worrying time for many people and news of a supplier going out of business can be unsettling."
“I want to reassure affected customers that they do not need to worry under our safety net we’ll make sure your energy supplies continue. Ofgem will choose a new supplier for you and while we are doing this our advice is to wait until we appoint a new supplier and do not switch in the meantime. You can rely on your energy supply as normal. We will update you when we have chosen a new supplier, who will then get in touch about your tariff."
“Any customer concerned about paying their energy bill should contact their supplier to access the range of support that is available."