BRIGHT Energy is Northern Ireland’s first casualty of the current energy crisis that has gripped Europe.
Launched in mid-2020 with a business model based around offering 100 per cent green electricity to households across the island of Ireland, the company has now officially left the energy market.
The Utility Regulator confirmed on Monday that all Bright Energy customers have now been switched to the north’s biggest supplier, Power NI.
Set up as a
A joint venture between the family-owned forecourt retailer Maxol and Evermore Energy, founded by Derry-born brothers Ciaran and Stephen Devine, Bright became just the sixth supplier in the north’s domestic electricity supply market.
But with wholesale energy prices soaring in late 2021, the company informed the Utility Regulator, along with its staff and customers in early December of its plans to quit the energy market.
In a statement at the time, Bright said it had initiated a strategic review of its business following sustained and persistent price increases in the wholesale energy market.
It said the rising costs had a significant impact on its operations.
The Utility Regulator last night confirmed that Bright Energy’s electricity supply licence had been officially revoked upon its own request, effective from Sunday (February 13).
In a statement on Monday evening, the Utility Regulator said Bright Energy’s former customers could contact Power NI directly on 03457 455455 to discuss their new account.
It added: “Customers with a credit meter, will receive a final bill from Bright, that will show the credit due back or the amount owed to Bright.
“For those customers who have a pay as you go meter, any credit on the meter before the switch to Power NI, will have remained on the meter.”
