Here’s how they’re stealthily shutting down the UK citizenry.

Over 1.5 Million Brits Affected As 7th UK Energy Retailer Fails

ZeroHedge.com

Update (1040ET): Small-sized UK energy retailers are dropping like flies amid an energy crisis. Bloomberg’s Javier Blas reports the sixth retailer has gone bankrupt since the crisis began at the start of August, which coincides with surging wholesale costs of natural gas and electricity.

Green Energy is a small-sized energy retailer with 250,000 customers. Blas said the company folded Wednesday and is the sixth one to do so. There was no mention on which larger firm would acquire Green Energy’s customer base.

FT’s energy analyst Nathalie Thomas reports a seventh firm has gone under, called Avro Energy, with a customer base of around 580,000.

Bloomberg reports at least 1.5 million households have been affected by the energy supplier collapse thanks to the strain of surging energy costs.

We noted Monday, out of the 55 or so energy retailers, only six to ten will be left standing after the smoke clears.

Smaller companies didn’t have the means to hedge or were caught off guard by soaring natural gas prices, leaving many of them underwater who bought energy at lower prices.

Continue reading at:
https://www.zerohedge.com/commodities/uk-power-suppliers-halt-adding-new-customers-energy-crisis-worsens

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