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Four more energy firms set to collapse due to gas shortage as bills tipped to rise £280

By   /  September 20, 2021  /  Comments Off on Four more energy firms set to collapse due to gas shortage as bills tipped to rise £280

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Gas and electricity provider Bulb, which has almost two million customers, is in crisis talks, in what could make it the fifth supplier to collapse in a month

Bulb is the latest supplier in bailout talks

Four more energy suppliers are expected to go bust this week, as small firms struggle to shoulder the costs of a 250% rise in wholesale gas prices.

Gas and electricity provider Bulb, which has almost two million customers, is today in crisis talks, in what could make it the fifth supplier to collapse in a month.

A Bulb spokesperson said: “Like everyone in the industry, we’re monitoring wholesale prices and their impact on our business.”

Utility Point and People’s Energy stopped trading last week affecting 500,000 households.



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