Energy Supplier Collapses Go Global as Prices Keep Rising
- Firms have been crippled by their inability to pass costs on
- Consumers lose choice and innovation as consolidation spreads
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Record-high power and gas prices have crippled energy suppliers worldwide, leaving some running at a loss and causing many to collapse altogether.
Energy providers are closing down in the U.K., the Netherlands, Germany, the Czech Republic, Belgium, Finland and Singapore. That’s reducing choice for consumers, triggering government intervention and threatening innovation.