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Four more UK energy suppliers go bust amid high gas prices
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Another four energy suppliers have gone bust in a single day as historic gas market highs continue to rip through the UK’s energy market amid fresh fears that Russia may curb gas supplies to Europe.
The energy regulator, Ofgem, said the collapse of four small energy suppliers on Tuesday would leave about 24,000 households in need of a new supplier, and bring the total number of bust energy companies to 17 since the start of September, affecting more than 2 million households.
The flurry of failures follows rocketing global energy market prices due to a sudden surge in demand for gas as economies began to shrug off restrictions related to the Covid-19 pandemic. Gas markets have reached record highs in recent weeks, leading to one of the
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