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Irish company Bright Energy files for bankruptcy

Irish company that worked with environmentally friendly fuel faced bankruptcy. Bright Energy has announced that it will leave the country's electricity supply market. All of its 1,300 customers will now be taken over by the Electric Ireland, the so-called ‘supplier of last resort’. Bright Energy was founded in 2020 as a joint venture ...

Chinese energy companies concerned about bankruptcy due to rising coal prices

... especially small and medium-sized businesses. Due to the skyrocketing demand for electricity, some provinces in China are already experiencing catastrophic power shortages. Against this background, coal prices began to rise. As noted by Oilprice.com, Chinese energy companies face the real possibility of bankruptcy. Coal accounts for over 50 percent of China's energy balance. The recent squabble with Australia has already made the supply of coal to China a big problem. In fact, an unofficial Australian coal embargo resulted in power outages across China ...

A WELL-KNOWN GINGERBREAD MANUFACTURER IS ON THE VERGE OF BANKRUPTCY

The energy crisis in Europe may leave German citizens without a traditional festive dish for Christmas. Bankruptcy threatens Lambertz, the manufacturer of German gingerbread and the legendary "Christstollen" – a traditional cupcake with nuts, candied fruits and raisins, symbolically reminiscent of the figure of the Christ child. Last Tuesday,...

SMALL AND MEDIUM BUSINESSES IN GERMANY ON THE VERGE OF BANKRUPTCY DUE TO FUEL PRICES

The rapid rise in energy prices has jeopardized the work of companies in Germany. However, the problem does not only concern gas stations and the ... ... to local experts, existing taxes on electricity and the protracted reform of the public transport fare system could lead to bankruptcy of significant number of entrepreneurs. According to the NEOPresse media, gasoline prices have already exceeded € ...

Three more energy suppliers collapsed in UK

... suppliers in the UK. The day before, three more firms declared their insolvency - as a result, over 230 thousand customers were left without suppliers. Last Wednesday, three UK energy companies - Igloo Energy Supply Ltd., Enstroga Ltd. and Symbio Energy Ltd. declared bankruptcy. This was due to the sharp rise in natural gas prices, which the enterprises simply could not cope with. Energy regulator Ofgem has already promised to find another energy provider for households that lost their suppliers, reports Bloomberg....

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