The arm of CNG which supplies gas to schools, hairdressers and restaurants is on the brink of becoming the 14th provider to fall into Ofgem's SOLR process since the start of August, Sky News understands.
An energy supplier to tens of thousands of small businesses is on the brink of becoming the 14th provider to collapse in the last three months, further underlining the scale of the crisis gripping the sector.
Sky News has learnt that CNG Energy's retail arm - which only supplies commercial customers - is close to falling into the Supplier of Last Resort (SOLR) system operated by Ofgem, the industry regulator.
That outcome has become inevitable after CNG and its advisers at Interpath, a restructuring firm, did not receive any viable bids for the retail arm in a process which commenced several weeks ago, according to insiders.
If they do cease trading it will make them the 14th provider to have collapsed within the last 3 months and you will fall into the Supplier of Last Resort (SOLR) process operated by Ofgem.
CNG have now decided that any customer that wishes to switch ahead of them folding, they will allow them to leave with no penalties.
In the meantime, you can contact me for the latest tariffs available from remaining suppliers still in the market.
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