November 23, 2021
The High Court on Friday 19 November gave a declaration of insolvency sought urgently in respect of the energy company Social Energy Supply Ltd, which has been the subject of media coverage in recent days.
This declaration – made by reference to s123 of the Insolvency Act – enables the regulator OFGEM to take steps to revoke Social Energy Supply’s energy supply licence and manage its energy customers going forward.
The claim was filed on Thursday 18 November and heard on Friday by Mr Justice Trower. Zara McGlone appeared for the successful Claimant, the Gas and Electricity Markets Authority acting through OFGEM.
