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Two More U.K. Energy Suppliers Collapse in Avalanche of Failures

  • Orbit and Entice had more than 70,000 customers in total
  • Total of 23 domestic suppliers have collapsed since August
   
Photographer: Chris Ratcliffe/Bloomberg

Two more energy suppliers in the U.K. have failed, taking the total to 23 companies that have collapsed since the start of August in the biggest shake out of the country’s retail power and gas market.

Entice Energy, with 5,400 customers, and Orbit Energy, which served 65,000 households, announced they are ceasing to trade, according to regulator Ofgem. The watchdog will help find a new firm to take over the accounts.