Opus Energy will cease trading from September 2024. What happens next?

No. Opus Energy hasn’t gone bust, but it will cease trading from September this year when its current non-domestic energy contracts will be taken over by EDF Energy. 

As is the case when any supplier goes bust or ceases trading, if you’re an Opus customer then your energy supply won’t be affected by the switch. But your contract might be. 

How will the switch to EDF affect your Opus Energy contract? 

If your balance is in credit or you owe money on your account, this will be passed on to your EDF Energy account once you’ve had your final bill from Opus Energy. 

EDF has confirmed all prices, terms and conditions will stay the same for any fixed Opus contracts. Those on a variable tariff will be matched to the closest EDF equivalent. This means you’ll have different prices, terms and conditions.  

EDF has said customers won’t be able to leave their contracts early. But if your contract is coming up for renewal, it might be worth comparing rates and lining up your next deal now. 

If you’re already in the process of switching from Opus, this will still go ahead as planned. 

What happens next? 

If you’re on a fixed contract you won’t be able to switch until this contract ends. But you might be able to line up your next contract now and avoid rolling onto more expensive out-of-contract rates.  

If you’re on a variable contract you might be able to switch right away. 

Give the team at Bionic a call to compare quotes and see if you can save.