Future Energy goes into administration

Future energy stopped trading in January and its customers have been moved to Green Star energy. Future energy had around 10,000 customers mainly from the North East and Yorkshire. As per the safety net provided by Ofgem all credit balances were protected and there was no disruption to service.

Green Star Energy

Green Star Energy is a well established small energy supplier which has been in the market for 5 years. The company is owned by Canadian giant Just Energy, which has over 2 million customers in the US and Canada.

Comments from Ofgem

Neil Barnes, Associate partner at Ofgem, said “We are very pleased to have been able to secure a deal with Green Star Energy, where Future Energy customers will continue paying the same price for their energy as they were before. And their credit balances will be honoured.”

FreePriceCompare is a hassle free, independent and impartial comparison services provider which looks to get the best for its customers. To see how much money you can save my comparing and switching energy suppliers, simply click here. You could save up to £468 a year.