As the UK crisis deepens, nearly 1.5 million households have already been affected by the shutdown of energy companies, according to data from watchdog Offgame.
Nine firms have collapsed amid a more than triple increase in wholesale gas prices this year, with Avro Energy and Greenville becoming the latest to fold on Tuesday.
While all customers affected by the firm’s collapse will continue to receive energy until Offgame appoints a new – possibly more expensive – supplier, the regulator’s boss Jonathan Brearley warned lawmakers that the number of affected customers could “range into the hundreds of thousands”. well up”.
Meanwhile, junior trade minister Paul Scully acknowledged Thursday that the government has had “a lot of talks” with offgame and suppliers on whether a cap on gas and electricity prices could be extended to consumers – Business Secretary Quasi Quarteng and A few days after both. The regulator emphasized that the limit “should remain stable”.
Avro Energy’s collapse calls into question the ‘supplier of last resort’ system
my colleague ben chapman reports:
With 580,000 customers, Avro Energy is by far the largest company to go out of business, raising questions about whether a “supplier of last resort” system can cope.
Another medium-sized supplier, Igloo, is reportedly on the verge of collapse, with administrators saying it is assessing bankruptcy options.
1.5 million households hit by gas supply crisis as more firms close
A jump in gas prices put two more companies out of business, while others were believed to be on the verge – but regulator says homes will be protected
Nearly 1.5 million households are vulnerable to insolvency firms
Around 1.5 million UK households are now faced with having to switch to a new – and possibly more expensive – supplier after their firms shut down.
Offgame figures show another 830,000 customers were affected by the collapse of Avro Energy and Greenville on Wednesday.
Nine firms have now collapsed, which according to the BBC accounts for five per cent of the UK energy market.
good morning and welcome GranthshalaLive blog on the UK energy crisis, where we will provide rolling updates on the latest news and statistics.
Credit: www.independent.co.uk /