The demise of two more energy companies has been confirmed as the surge in wholesale gas costs this year drives up bills for providers and households alike.
Sky News had revealed on Tuesday that up to four suppliers were in talks with Ofgem about entering its Supplier of Last Resort (SOLR) mechanism – threatening to greatly add to a casualty list this year that has already seen 12 operators go under.
Pure Planet and Colorado Energy said they had ceased trading on Wednesday evening and Ofgem later confirmed their respective customer bases would be allocated a new supplier in the coming days.
Related posts:
NatWest in talks to sell private bank Adam & Co
Jaguar Land Rover to cut 2,000 non-factory jobs globally
Barclays sees profits slump 30% as pandemic bad loan provision hits £4.8bn
Bonhams-owner Epiris eyes KPMG restructuring arm
British Airways and Mirror publisher become latest to signal home working switch
Financial surveillance firm VoxSmart strikes $25m Toscafund deal
Silent breast-pump pioneer Elvie taps BlackRock in £58m funding drive
Labour shortage crisis will delay economic recovery from COVID pandemic, CBI warns
Empty shelves threat as Tesco workers set for pre-Christmas strike action
Inflation ‘comfortably’ above 5% next spring as energy bill hikes bite says BoE rate-setter
Heathrow demands all COVID testing is dropped after 600,000 passengers cancelled Xmas flights
Buyout giants Bain and CVC join forces to mount bid for Boots
