U.K. Energy Crisis Ramps Up as Two More Suppliers Collapse
- Suppliers with about 250,000 customers exit the market
- Gas prices in the U.K. have more than quadrupled this year
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Two energy suppliers with about 250,000 customers have collapsed in the latest escalation in the U.K.’s energy crisis.
BP Plc-backed Pure Planet and Colorado Energy announced they have gone out of business on Wednesday, taking the total number of households that have been forced to switch supplier since the start of August to almost 2 million. Since the start of August, 12 utilities in the country have gone under.