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Anode Energie to file for bankruptcy, ACM to revoke license

Energy company Kleinverbruik Energie der Nederlanden B.V. (more commonly known as Anode Energie) has notified the Netherlands Authority for Consumers and Markets (ACM) of its intention to file for bankruptcy, and has therefore asked ACM to withdraw its supply license. ACM will withdraw Anode Energie’s supply license because it is no longer able to supply its approximately 14,000 customers energy in a secure manner. Anode Energie’s customers will continue to receive energy, and will automatically be informed by their new energy supplier.

Of these 14,000 customers, approximately 5,000 customers took out contracts directly with Anode Energie. In addition, another 9,000 individuals are customer with Anode Energie through so-called resellers (Gezinsenergie, Green Dutch Energy, AGEM, Hilverstroom, Nedergy , BLIQ and Ampeer). If Anode is declared bankrupt, the court will appoint a receiver. That receiver will have until 15 December 2021 to find another energy supplier that is prepared to take over Anode’s customers. If this fails, these customers will be redistributed among all other energy suppliers before 29 December 2021.

During the transitional period, which lasts until 29 December 2021 at the latest, customers are unable to switch suppliers themselves. Customers will automatically be informed by their new energy supplier about their energy contracts. They will subsequently be able to decide whether or not to stay with that supplier or to switch suppliers anyway. Their new supplier can impose a notice period of no more than 30 days. 

The revocation of the license will thus not have any consequences for the supply of natural gas and electricity, but it can have financial consequences, for example for customers that Anode Energie still owes money. Since Anode Energie has filed for bankruptcy, customers that have paid a high monthly payment in advance may not receive all of this money (or even nothing at all). 

Cause of bankruptcy

Anode Energie has announced that it has run into problems because of the high energy prices. Furthermore, next to energy supplier Kleinverbruik Energie der Nederlanden B.V., the company also consists of Energie I&V B.V. (a company that buys energy for other suppliers, also called sourcing) and EnergiePlaza B.V. (a so-called balance-responsible party). ACM will identify the possible consequences of a bankruptcy of these companies. Consumers can be assured that they will always continue to receive natural gas and electricity.

See also