Three More U.K. Power Suppliers Collapse as Energy Crisis Deepens
- Companies have 233,000 customers that will need a new supplier
- The current price shock was hard to predict, Igloo says
This article is for subscribers only.
Three more U.K. energy companies were pushed out of business by sky-high natural gas prices, bringing to more than 1.7 million the number of customers who have lost their supplier and adding to pressure on the government to step in.
Igloo Energy Supply Ltd., Enstroga Ltd. and Symbio Energy Ltd. announced their collapse on Wednesday, representing a total of about 233,000 households. Those customers will be allocated another supplier by energy regulator Ofgem. Since the start of August, 10 utilities in the country have gone under.