PFP Energy went bust on the 7th September 2021 affecting 80,000 customers. Get a full list of energy suppliers that have gone bust here.
PFP Energy (previously called places for people energy) is a new energy supplier which began taking on customers from October 2015. Like many of the growing number of new energy suppliers that have entered the market recently, PFP Energy is still very much an unproven entity. However, so far they have made a promising start and, with the backing of a major property group, they should be able to withstand the volatility in the energy market for a while at least.
PFP Energy (previously called places for people energy) is a new energy supplier which began taking on customers from October 2015.
Through a complex web of companies, PFP Energy is ultimately owned, funded and controlled by Places for People Group Limited.
Places for People Group Limited is a leading property management, property development, regeneration and leisure company. The company owns or manages over 150,000 properties and runs 116 leisure facilities. It typically builds in excess of 1,000 new homes each year. It's property management is the bulk of the business with social housing representing around half of the group's activities.
The group's overall business is sizeable, generating £45m of pre-tax profits on revenues of over £600m. It has gross assets of over £3bn and nets assets of £280m.
The group claims to be not for dividend with a strong social purpose. To be honest, we have no idea what that actually means although they claim it allows them to re-invest any financial surplus back into the business.
The highest paid director earned £530,000 in 2015/2016.
PFP Energy claims that it is different because of its simplicity...
"We're very straightforward to deal with."
"We've worked really hard to make sure it's easy to understand your bills and manage your energy account."
"We calculate bills every single month to help you stay up-to-date. So that your bills are accurate and you can stay on top of your energy costs, we will ask you to provide monthly meter readings."
"We keep our costs down - and where we save, you save."
"With us you'll get simple tariffs, simple bills and a simple online account to manage your energy."
Will that make them sufficiently different from the other 20 energy suppliers claiming the same? Time will tell.
The Company operates from offices in Preston, Lancashire.
PFP Energy offers a range ofenergy tariffs for customers who want to pay by Monthly Direct Debit.
PFP Energy offers a choice of online (paperless) and offline (paper) billing options.
places for people energy offers gas only and electricity only tariffs as well as dual fuel tariffs.
PFP Energy does not supply prepayment meter customers at the current time.
PFP Energy is not signed up to the Warm Home Discount Scheme.
Our service rating is based on the proportion of switches undertaken on the The Energy Shop energy price comparison and energy switching platform that complete successfully first time around. As we do not deal with PFP Energy for energy switching we have no direct insights into how good or bad their processes are. As such we have not awarded PFP Energy a service rating. Please note that this does not mean that they are poor but, if you are switching to them, you are advised to do your own due diligence.
PFP Energy is not signed up to the Energy Switch Guarantee.
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