U.K. Energy Crisis Ramps Up as Two More Suppliers Collapse

(Bloomberg) — Two energy suppliers with about 250,000 customers have collapsed in the latest escalation in the U.K.’s energy crisis.Most Read from BloombergBP Plc-backed Pure Planet and Colorado Energy announced they have gone out of business on Wednesday, taking the total number of households that have been forced to switch supplier since the start of August to almost 2 million. Since the start of August, 12 utilities in the country have gone under.The unprecedented volatility in power and natural gas markets last week has added to pressure already on suppliers as surging prices push them to breaking point. U.K.’s Business Secretary Kwasi Kwarteng warned last week that more suppliers would likely go out of business. The latest failures show that the crisis …

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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