Newcomer Urth Energy the latest energy provider to go into administration
Urth Energy has gone into voluntary administration after providing customers with renewable energy for less than a year.
This makes Urth the second failed power provider in 12 months, with GO Power shutting up shop in April, 2016.
According to the Australian Energy Regulator (AER), the provider was suspended from the electricity market soon after it handed itself over to administrators.
The announcement may have come as a shock to customers last week, who had been using the provider to access solar energy at discounted rates per kilowatt.
AER Acting Chair, Cristina Cifuentes, said that while around 800 electricity customers were affected, their power supply would not be disconnected.
"The AER has ensured customers of Urth Energy were transferred to new retailers,” Cifuentes said.
“Depending on where the customers are located they were transferred to either AGL, Origin Energy, or Energy Australia.”
Urth Energy had been supplying solar-friendly power to households and businesses in South Australia, Queensland and New South Wales.
Tips for Urth Energy customers
- Check the mail. Urth Energy will send you your final bill via email or letter in the next couple of weeks. Even though business is winding up, you’ll still be required to make the payment.
- Compare. Remember, you aren’t obligated to stay with your designated energy provider, so use this as an opportunity to start comparing deals. By using Mozo’s energy hub to compare 550 plans offered by 22 providers, you’re bound to find one suitable for your household needs.
- Switch. Once you’ve found a power plan that comes with all the features you’re looking for, switch from the click of a mouse at our site.