energy company insolvencies

Ofgem confirms two energy supplier failures

21st February 2022 Business | #energy company insolvencies

Ofgem has confirmed that two small energy retailers have become the latest suppliers to exit the market. Whoop Energy and Xcel Power have announced they are ceasing to trade. Whoop Energy supplies 262 unique customer accounts, gas and electricity, 50 domestic and 212 non-domestic. Xcel Power has 274 unique customer accounts, gas only, and all…

Half of small energy suppliers at risk of collapse

31st January 2022 Business | #energy company insolvencies

Over half of the UK’s remaining small energy suppliers are at imminent risk of collapse, according to Price Bailey analysis. Of the 22 gas and electricity suppliers left outside of the so-called ‘big six’, 12 companies have negative assets on their balance sheets meaning they are technically insolvent and at risk of collapse. city trade…

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energy company insolvencies

Ofgem confirms two energy supplier failures

Half of small energy suppliers at risk of collapse

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