One more energy supplier collapses this week due to high gas prices

Small energy supplier Daligas has become the third company to go bust this week, as the surge in wholesale gas prices shows no signs of easing.

Report informs, citing The Telegraph, that London-based Daligas has around 9,000 domestic and non-domestic customers, Ofgem said. The regulator added that a new supplier will be chosen to take on stranded customers.

A statement on Daligas’ website reads: “From the 14th of October 2021, due to the unprecedented energy market conditions, the record high wholesale prices and the current energy cap set by the industry regulator Ofgem, we are unable to keep our team and business operating.”

It takes the total number of energy supplier failures to 12 since the start of September. Wholesale gas supplier CGN has also exited the market, sparking fears of a fresh wave of collapses.