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NEC Statement – Small energy suppliers in the UK

The Liberal Party notes with concern this announcement that Brilliant Energy has now entered administration.

The company will be the 10th small energy provider to have done so in the last 12 months, which included Spark Energy Supply Limited in November 2018 amongst others.

Although the regulator Ofgem will ensure no customer is left without a supplier, customers risk finding themselves matched to an energy provider at short notice with no opportunity to find an optimum tariff.

The failure of so many suppliers illustrates the difficulties new entrants have in the domestic and business energy markets and the difficulty of breaking the stranglehold of the 6 largest providers.

The Liberal Party believes that only the expansion of choice within the UK  energy market will lead to better price competition to the benefit of consumers.