Analysis: The failures of Green, Avro and more shook the market, but the survivors may emerge healthier
- 1.9m UK homes lose supplier after two more gas firms go bust
- How soaring energy bills hit one Briton
The bell is tolling for small energy suppliers, with two more going to the wall on Wednesday, and the risk is that the price competition that helped curb household bills in recent years could die with them.
This week Newcastle-based energy supplier Green, and Avro Energy from Hinckley, became the latest casualties of the UK’s record wholesale gas market prices. They bring the total number of suppliers that have gone bust in a little over six weeks to seven. A tsunami of supplier failures is expected to follow.
