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    GOOD   GB0033600353

GOOD ENERGY GROUP PLC

(GOOD)
  Report
Delayed Quote. Delayed London Stock Exchange - 12/03 11:35:03 am
267.5 GBX   +0.94%
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Three UK Energy Suppliers Serving 233,000 Customers Go out of Business

09/30/2021 | 01:23am EST

By Jaime Llinares Taboada

Three more U.K. energy suppliers serving a combined 233,000 households have gone out of business, the country's regulator Ofgem said Wednesday.

Enstroga, Igloo Energy and Symbio Energy have ceased to trade as a result of the current rally in wholesale gas and power prices.

Igloo supplies gas and electricity to around 179,000 residential customers, Symbio serves 48,000 households and a small number of non-domestic customers, and Enstroga has around 6,000 domestic clients. Together, they represent less than 1% of households in the market, Ofgem said.

The regulator will now appoint a new supplier for the customers of the firms that ceased to trade.

So far this month, at least nine U.K. retailers have gone bust as they couldn't cover the increasing costs of buying gas and power in the market. As a result, around 1.7 million customers have seen their supplier disappear. They were transferred to "suppliers of last resort," which included British Gas, EDF Energy, Shell Energy and Octopus Energy.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

09-30-21 0122ET

Stocks mentioned in the article
ChangeLast1st jan.
CENTRICA PLC 1.45% 65.94 Delayed Quote.39.49%
ELECTRICITÉ DE FRANCE 0.97% 12.55 Real-time Quote.-3.61%
GOOD ENERGY GROUP PLC 0.94% 267.5 Delayed Quote.48.88%
ROYAL DUTCH SHELL PLC 0.63% 19.358 Real-time Quote.31.63%
TELECOM PLUS PLC 1.11% 1456 Delayed Quote.0.42%
WTI -1.39% 66.387 Delayed Quote.37.48%
YÜ GROUP PLC 0.00% 232.5 Delayed Quote.132.50%
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More news
Financials
Sales 2021 151 M 199 M 199 M
Net income 2021 0,40 M 0,53 M 0,53 M
Net Debt 2021 37,3 M 49,4 M 49,4 M
P/E ratio 2021 -
Yield 2021 1,16%
Capitalization 44,2 M 58,4 M 58,5 M
EV / Sales 2021 0,54x
EV / Sales 2022 0,48x
Nbr of Employees 269
Free-Float 40,8%
Chart GOOD ENERGY GROUP PLC
Duration : Period :
Good Energy Group PLC Technical Analysis Chart | GOOD | GB0033600353 | MarketScreener
Technical analysis trends GOOD ENERGY GROUP PLC
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 267,50 GBX
Average target price 437,50 GBX
Spread / Average Target 63,6%
EPS Revisions
Managers and Directors
Nigel Pocklington Chief Executive Officer & Director
Rupert Sanderson Chief Financial Officer & Executive Director
William Elliot Whitehorn Chairman
Emma N. Tinker Independent Non-Executive Director
Timothy Jones Independent Non-Executive Director
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