Four more energy suppliers in the UK have collapsed amid the crisis enveloping the sector as a result of surging wholesale gas prices
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Omni Energy, MA Energy Limited, Zebra Power and Ampoweruk served a total of 21,400 domestic and 2,300 non-domestic customers., takes the number of energy companies that have gone bust since the start of September to 18.Why the energy price cap is 'failing' the UKand, though prices have since eased, they remain several times higher than typical levels seen over recent years.
It means that in many cases, suppliers have been having to buy energy on wholesale markets which they are then contracted to sell on at a lower price to their customers.Last week, that the government was accelerating contingency plans for the demise of Bulb, Britain's seventh biggest energy supplier with around 1.7 million household customers.
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