Flemish supplier Vlaamse Energieleverancier declare bankruptcy
On December 7th, the Vlaamse Energieleverancer gas and electricity supplier has been on the market since 2019, reported bankruptcy. In question? The historical increase in energy prices that we have been experiencing for several months. What about the Flemish supplier’s customers and what solutions are offered to them? Comparator-Energie.be takes stock and gives you advice on how to find the most suitable solution.
Why did Vlaamse Energieleverancier fail?
The main cause of the supplier’s balance sheet period is undoubtedly the drastic increase in energy costs , which has been the victim of since this summer. Stijn Lenaerts, CEO of the company, stated that “…the challenges raised to spend the winter months have unfortunately become too great. So we had to take the difficult decision to stop our business and put the accounts flat”.
It is thus in agreement with the VREG, the Flemish energy regulator, Fluvius, the Flemish distribution network manager and the private sector that the decision was taken. On the 7th of December, the Brussels Business Tribunal issued its judgment and officially declared the bankruptcy of the supplier.
What about customers?
By reporting bankruptcy, 70,000 customers find themselves overnight without electricity and/or gas suppliers. However, Zuhal Demir, the Flemish Minister of Energy (N-VA), reassure the affected buildings by confirming that no one would be left without heating or electricity during this winter period.
Fluvius temporarily resumes the torch
This is indeed Fluvius, the Flemish Region Distribution Network Manager, which becomes the integrated supplier of Vlaamse Energieleverancier customers. Thanks to this system, consumers will always be supplied with energy.
Nevertheless the urgency of the situation required Fluvius to quickly buy electricity and gas on wholesale markets, at the time or energy prices are at the highest level. As a result, the prices offered by the manager are higher than the current average, which is already far excessive.
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