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The exodus of retailers is starting to get serious in Qld and NSW:

The list of electricity retailers that have removed market offers from their websites (and/or Energy Made Easy) for one or more states includes;

1. 1st Energy
2. Amber
3. Bright Spark Power
4. CovaU
5. Diamond Energy
6. Dodo
7. Discover Energy
8. Electricity in a Box
9. Elysian Energy
10. Future X Power
11. GEE Energy
12. Locality Planning Energy
13. Mojo Power
14. Momentum Energy
15. Nectr
16. OVO Energy
17. People Energy
18. Pooled Energy – in administration
19. Powerclub
20. Powerdirect
21. Powershop
22. QEnergy
23. Radian Energy
24. ReAmped Energy
25. Simply Energy
26. Smart Energy
27. Tango Energy

Of particular note is some of the above being backed by major players who, whilst I'm not in any way suggesting the parent company is in difficulty, are choosing to give up on non-core aspects of the business.

With reference to that list:

14, Momentum Energy, is the interstate retail brand name used by Hydro Tasmania

20, Powedirect, is a secondary brand name used by AGL

21, Powershop, is owned by Shell

21, Simply Energy, is the retail brand owned by Engie

To be clear the parent companies are still active, Hydro Tas is still operating in Tasmania, AGL is still running under the main brand, Shell is still alive and well in the oil industry and so on but they've stopped taking new electricity customers in some or all states.

The underlying reason would come down to market volatility and managing risk to themselves since, as others exit or go bust, remaining retailers are being flooded with new customers to the point it's leaving them exposed to the market. That is, they only hedged or can themselves generate x volume and have shut the door once customer numbers reached or exceeded that point.