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Detail of outcome
The purpose of this consultation is to give interested parties the opportunity to comment on draft energy supply company administration rules. The Energy Act 2011 included provisions for a special administration regime for energy supply companies, similar to that already in place for electricity and gas transmission and network distribution companies. Special administration regimes are an alternative to general insolvency law and procedures. They are generally designed to ensure uninterrupted and safe operation of essential services in the event of a company becoming insolvent.
The provisions in the Energy Act set out the broad legal framework for energy supply company administration. The draft rules set out in detail how energy supply company administration will operate in practice and are similar to those already in place for ordinary administration. The draft Rules apply only to companies which the courts in England and Wales have jurisdiction to wind up. Separate rules are being prepared for companies which the courts in Scotland have jurisdiction to wind up. These will be published for consultation on our website later in the summer.
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Department of Energy and Climate Change
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