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Major supplier of electricity collapsed in the UK

The British firm Bulb, one of the seven largest energy companies in the United Kingdom, has gone bankrupt and got under external control. The financial collapse was caused by gas prices, which were established in the fall of 2021. The company's share of electricity suppliers in the UK was about 6%. Experts note that over the past three months, 25 electricity suppliers in the country have already filed for bankruptcy. Several million citizens were their clients. At the same time, the country's authorities are in a state of expectation of new bankruptcies. A few days ago, a message that the introduction of a special management regime would allow the company ...

Three more energy suppliers collapsed in UK

The sharp rise in gas prices triggered a wave of bankruptcies of energy 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. Since the beginning of the wave of bankruptcies of ...

SEVERAL ENERGY FIRMS HAVE GONE BURST IN THE UK AT ONCE

A tendency for energy companies to close down has been reported in the UK due to the increase in gas prices Since August - five small operators have already gone burst and four more may soon be closed down as well. The price for gas is to be blamed here - this year, its retail price has increased by 3.5 times. This circumstance led to the impossibility ...

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