More than 70,000 UK homes affected as Entice Energy and Orbit Energy go bust following Bulb administration

Heather Carrick
By Heather Carrick
26th Nov 2021, 7:14pm
Picture: Rui Vieira/PA WirePicture: Rui Vieira/PA Wire
Picture: Rui Vieira/PA Wire

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Entice Energy and Orbit Energy are just the latest energy suppliers to go bust, days after Bulb Energy announced that they had gone out of business

Two more energy suppliers have gone out of business, leaving more than 70,000 UK households affected.

Entice Energy, who has 5,400 customers on their books, and Orbit Energy, who supply 65,000 homes, both announced that they have gone bust amidst a spike in global gas prices.

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The businesses join the biggest company to fail so far, Bulb, which went into administration on Wednesday (24 November).

At a glance: 5 key points

  • Entice Energy and Orbit Energy have both announced that they have gone into administration
  • As a result, more than 70,000 UK homes have been affected
  • Their announcement comes after larger energy supplier Bulb also announced that it has folded earlier in the week, which saw 4,000,000 customer affected
  • Energy firms are feeling the pressure during a surge in global gas prices
  • Industry regulator Ofgem has confirmed that it would help to ensure that all customers affected find a new home with a different energy supplier 

What happened to Entice Energy and Orbit Energy?

Both firms are smaller names in the energy sector but both Entice Energy and Orbit Energy falling into administration will affect thousands of customers.

They were both squeezed out of the market after a huge increase in global gas prices, which has already seen larger names go bust.

In the past three months, more than 20 companies have gone out of business as a result of the crisis.

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It is believed that around 4 million UK homes have been affected by businesses going bust.

Gillian Cooper, head of energy policy at Citizens Advice, said: “The increases in global gas prices we’ve seen this year have been significant, but should not have led to the collapse of 25 firms.

“As suppliers continue to fall like dominoes, it’s clear the market is not functioning as it should and there are serious questions for Ofgem to answer about how this has been allowed to happen.”

What will happen to Entice Energy customers and Orbit Energy customers?

Households who use either Entice or Orbit as their energy supplier shouldn’t worry too much about their energy supply.

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