The global energy crisis launched a wave of bankruptcies among British energy suppliers. Another three companies – Igloo Energy Supply, Enstroga and Symbio Energy – announced closure, writes Bloomberg.
As a result, 233 thousand customers will have to look for a new electricity supplier. Representatives of IgLoo argue that the company’s work is no longer possible under the current conditions of the energy retail market due to the “incredibly high gas prices”. According to the regulatory body on energy issues of Great Britain ofGEM, together these three suppliers served about one percent of buyers in the market.
Since the beginning of August, five utilities has already stopped in the country. Because of this, about 1.7 million customers during this time were forced to change the supplier. Minister of Entrepreneurship, Energy and Industrial Strategy of Great Britain Quasi Kupartg this winter awaits bankruptcy of several more companies. “Few people expected such an extreme price shock,” the Igloo statement says.
The price of GAZ on September 29 has updated the record – according to ICE Exchange, during the trading, the cost of a thousand cubic meters reached $ 1050. By the time of publication, the news is traded at $ 1045 per thousand cubic meters.
The energy crisis in the UK made the government think about expanding production. The authorities intend to continue stopped in 2020 due to the lack of financing the construction of a nuclear power plant (NPP) Wilt in Wales.