- Sep 13, 2021 6:13 pm GMT
"Two of the UK’s smaller energy suppliers – PfP Energy and MoneyPlus Energy – have ceased trading. The estimated 90,000 to 100,000 affected households will have their interests protected by the safety net operated by the market regulator, Ofgem.
Escalating wholesale gas and electricity prices are reported to be the root cause of these collapses. There are fears other suppliers could close over the winter if shortage of fuel supplies in the face of rising demand forces prices ever higher.
Green Network Energy, Simplicity Energy and Tonik Energy are among the suppliers who have gone bust in the past 12 months."
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