Breadcrumb

Energy company Naked Energy files for bankruptcy, ACM revokes licenses

Energy company Naked Energy has filed for bankruptcy, and has therefore asked the Netherlands Authority for Consumers and Markets (ACM) to revoke its supply licenses for natural gas and electricity. Since Naked Energy is no longer able to supply energy to approximately 2,600 customers (consumers and small business customers) in a secure manner, ACM will revoke Naked Energy’s licenses. Naked Energy’s customers will continue to receive energy, and will automatically be informed by their new energy supplier.

Naked Energy ran into financial problems because it had outsourced the procurement of energy to another company, Energie I&V B.V. (which, at the time, was part of energy company Anode), which was declared bankrupt on 3 December 2021.

The receiver will have until 5 January 2022 to find another energy supplier that is prepared to take over Naked Energy’s customers (consumers and small business customers). Should this fail, these customers will then be redistributed among all other energy suppliers before 19 January 2022.

During the transitional period, which lasts until 19 January 2022 at the latest, customers will be 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 licenses 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 Naked Energy still owes money. Since Naked Energy has filed for bankruptcy, customers that have paid high monthly payments in advance may not receive all of this money (or even nothing at all).

See also

23-12-2021 Revocation of Naked Energy’s supply licenses for electricity and natural gas to small-scale users (in Dutch)