Energy suppliers Avro and Green become latest victims of energy crisis | Economic news

Two other energy suppliers serving together more than 800,000 customers were victims of the crisis in the sector.

Avro Energy and Green have said they have gone out of business – the latter blaming “unprecedented market conditions and regulatory failures.”

Green, which has more than 250,000 customers and 185 employees, confirmed its collapse a day after Sky News revealed that he had hired advisers to monitor a possible insolvency.

Avro has 580,000 customers.

The announcements came as head of the regulator Ofgem told the deputies more suppliers could go bankrupt in the coming months after a spike in wholesale gas and electricity prices.

Meanwhile, Sky News revealed that Igloo, another small player in the industry, was close to being added to the injured list by calling in counselors – and stopped taking new clients.

Green said he was “leaving the market because the government was not providing support to small energy providers.”

He highlighted the conditions that had seen wholesale electricity and gas prices hit new records, due to a range of factors ranging from unplanned production disruptions, Brexit and extreme weather to global demand. , the blockage of the Suez Canal and a recent fire in a cross-Channel canal. interconnector.

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