• About
  • Privacy & Policy
  • Contact Us
Procurement Nation
  • Home
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
  • Cryptocurrency
No Result
View All Result
  • Home
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
  • Cryptocurrency
No Result
View All Result
Procurement Nation
No Result
View All Result

UK’s Together Energy Retail becomes latest supplier to cease trading

Mark White by Mark White
January 18, 2022
in Suppliers
0
Nikkei nears 4-week low on tepid Wall Street, Omicron impact


LONDON, Jan 18 (Reuters) – British energy market regulator Ofgem said on Tuesday that Together Energy Retail has ceased to trade, the latest power supplier to be driven into financial difficulty by a surge in wholesale gas and electricity prices.

More than 20 energy suppliers have collapsed since the beginning of September due to spiralling wholesale power and gas costs and because the regulator Ofgem’s price cap prevented them passing on rising costs to customers.

The number of companies supplying gas and electricity to British homes more than halved last year.

Register now for FREE unlimited access to Reuters.com

The company supplies around 176,000 domestic customers and one non-domestic customer.

Ofgem said customers’ energy supply will continue and the funds paid into accounts will be protected, where they are in credit.

“In recent weeks there has been an unprecedented increase in global gas prices which is putting financial pressure on suppliers. Ofgem is working closely with government and industry to make sure customers continue to be protected this winter,” the regulator said.

Register now for FREE unlimited access to Reuters.com

Reporting by Nina Chestney
Editing by Marguerita Choy

Our Standards: The Thomson Reuters Trust Principles.



Source link

Previous Post

Ford Motor, ADT form joint venture to market in-vehicle security systems

Next Post

SEC’s ‘shadow trading’ case can move forward, judge rules

Mark White

Mark White

Next Post
SEC’s ‘shadow trading’ case can move forward, judge rules

SEC's 'shadow trading' case can move forward, judge rules

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 111 Followers
  • 65.3k Followers
  • 168k Subscribers
  • 23.5k Followers
  • 99 Subscribers
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
The main 10 absolute best extravagance SUVs on sale

The main 10 absolute best extravagance SUVs on sale

May 27, 2022

Shares of Workhorse Group Inc. WKHS, -10.25% slumped 0.62 %to $3.22 Friday

May 22, 2022
Most Pricey Luxury Hotels worldwide

Most Pricey Luxury Hotels worldwide

May 22, 2022

5 things to recognize prior to the stock market opens

May 18, 2022

Recent News

The main 10 absolute best extravagance SUVs on sale

The main 10 absolute best extravagance SUVs on sale

May 27, 2022

Shares of Workhorse Group Inc. WKHS, -10.25% slumped 0.62 %to $3.22 Friday

May 22, 2022
Most Pricey Luxury Hotels worldwide

Most Pricey Luxury Hotels worldwide

May 22, 2022

5 things to recognize prior to the stock market opens

May 18, 2022
  • About
  • Privacy & Policy
  • Contact Us
Call us: +1 234 JEG THEME

© 2021 Procurement Nation - Supply Chain & Logistics News

No Result
View All Result

© 2021 Procurement Nation - Supply Chain & Logistics News