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Orbit becomes latest UK energy supplier to go bust
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Another UK energy supplier has gone bust, following the collapse of Bulb earlier this week, bringing the number of households affected by a supplier failure closer to the 4m mark.
Orbit Energy confirmed it was the latest casualty of the energy market crisis, bringing the total number of suppliers that have failed to 24 in fewer than 12 weeks, as companies unable to withstand higher wholesale prices go under.
The latest collapse was announced by the energy regulator Ofgem in a tweet that also named Entice Energy – but the post was later deleted. A spokesperson for Entice could not be reached for comment.
An Ofgem spokesperson said the tweet was sent in error.
However, Orbit later updated its website to say it was ceasing to trade.
It added:
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