SEVERAL gas and electricity suppliers have already gone bust this year due to the ongoing energy crisis.
Firms are struggling to cope with rising wholesale prices causing many smaller companies to collapse.
1
That’s because they can’t pass the increase on to customers on fixed deals, and other consumers are protected by the energy price cap.
However, bills are still set to soar by £693 a year for millions of households when the cap is raised in April.
A total of 28 energy firms collapsed in 2021, including Bulb falling into administration.
So far, three small energy companies have gone bust in the first two months of 2022, according to Ofgem.
Whoop Energy and Xcel Power both announced they were ceasing to trade last week.
Whoop Energy supplied 50 households and 212 businesses and Xcel Power had 274 business customers.
Most read in Money
All customers have been switched to Yu Energy.
Meanwhile, Together Energy – which was 50% owned by Warrington Council – went bust in January, affecting 176,000 customers.
The firm, and its subsidiary Bristol Energy, had not be able to secure emergency funding to help it stay afloat.
British Gas has taken over all of Together Energy’s customers.
These are all the energy suppliers that have gone bust in 2021 and 2022.
Which energy companies have gone bust in 2022?
- Together Energy (January 18)
- Whoop Energy (February 18)
- Xcel Power (February 18)
Which energy suppliers collapsed last year?
- Simplicity Energy (January 27)
- Green Network Energy (January 27)
- HUB Energy (August 9)
- PFP Energy (September 7)
- MoneyPlus Energy (September 7)
- Utility Point (September 14)
- People’s Energy (September 14)
- Green (September 22)
- Avro Energy (September 22)
- Igloo Energy (September 29)
- Symbio Energy (September 29)
- Enstroga (September 29)
- Pure Planet (October 13)
- Colorado Energy (October 13)
- Daligas (October 14)
- GOTO Energy (October 18)
- Bluegreen Energy Services (November 1)
- Ampoweruk (November 2)
- Zebra Power (November 2)
- MA Energy (November 2)
- Omni Energy (November 2)
- CNG Energy (November 3)
- Social Energy Supply (November 16)
- Neon Reef (November 16)
- Bulb Energy (in administration – November 24)
- Orbit Energy (November 25)
- Entice Energy (November 25
- Zog Energy (December 1)
We pay for your stories!
Do you have a story for The Sun Online Money team?
