Two more British energy companies go bankrupt due to high gas prices

LONDON, Oct 14. Two more UK energy companies have gone bankrupt due to record high gas prices, according to a posting on the country's energy regulator Ofgem's website, Pure Planet (serving 235,000 consumers) and Colorado Energy (15,000 consumers). will be transferred to other suppliers and will not be affected by companies leaving the market. Gas prices in Europe have risen sharply in recent weeks. Back in early August, the estimated price of the nearest future on the Dutch TTF index was about $ 515 per thousand cubic meters, and by the end of September the figure had more than doubled. The target price peaked at nearly $ 1,400 per thousand cubic meters on October 5. “Due to the global energy crisis, record high wholesale energy prices and the restrictions imposed on us by Ofgem's price cap, we cannot continue to operate Pure Planet. impacted 12 other supplier businesses this year and unfortunately we expect more companies to go out of business Government and regulator Ofgem expect Pure Planet to sell energy at a price much lower than it currently costs This is not acceptable, so we had to make the difficult decision to stop trading, “Pure Planet said. Since January this year, 12 utilities have gone bankrupt in Britain due to high gas prices, serving about 1.5 million consumers. Residents of the UK were afraid of hunger and cold without Russian gas

Leave a Reply

Your email address will not be published. Required fields are marked *

CAPTCHA required