Suppliers at Risk of Failure

Half of Britain’s energy suppliers face an existential risk after the “Beast from the East” tore through the balance sheets of the industry’s small players. Thousands of energy customers could be left in limbo due to a high risk that around 10 of the most fragile suppliers are on the brink of going under. Many hundreds of thousands more bill payers face the risk of sudden energy tariff hikes because almost 40 suppliers may be forced to squeeze their customers to survive. The startling strain endured by the industry in the wake of the volatile winter energy market is laid bare in leaked proprietary data compiled by one of the City’s top analytics firms, Dun and Bradstreet.

Source: various media outlets including Daily Telegraph