Toto Energy Supplier Ceases to Trade

Christopher Zenios29/10/20192min
The energy firm Toto that supplies 134,000 domestic customers will no longer operate with trading ceased.

Toto had only recently taken over the supply of 43,000 customers following the fall of another supplier just 2 months ago. Customers have been assured that their energy supply will not be affected and will continue as normal.

Ofgem is in the process of selecting a new provider for Toto customers and has advised customers to not switch to another energy provider until a replacement one has first been appointed.

Philippa Pickford, Ofgem’s director advised:

Toto Energy customers do not need to worry, as under our safety net we’ll make sure your energy supplies are secure and customers’ credit balances are protected. Ofgem will now choose a new supplier for you and whilst we’re doing this our advice is to sit tight and don’t switch.

Toto energy follows 15 other energy suppliers that have gone out of business this year. The energy firms’ closure is mainly due to the failure of meeting a £4m payment for renewable green energy to Ofgem.

Following this, the energy ombudsman has confirmed that this year 730 complaints have been made against Toto Energy, however, due to the company’s closure any ongoing cases will not likely be completed and no new claims are being accepted.

Toto Energy joins GB Energy, Economy Energy and Spark Energy who have also ceased trading and worries are now increasing for Robin Hood Energy, Gnergy and Delta Gas and Power who have also missed the £4m payment for renewable energy.

Christopher Zenios

Christopher has always been a pioneer, a first adopter when it comes to technological advancements. Over the years, his expertise surrounded the real estate and digital markets and their evolution in today's society. After being the editor to various professional business news portals and blogs, he was selected to become the chief editor for HWC. Contact Christopher at +357-22029786 ext: 6110 or by email at [email protected] for editorial related questions.

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