An energy supplier previously owned by Bristol City Council and its parent company have become the latest to collapse as soaring wholesale gas prices continue to impact the sector.
Bristol Energy and its Scottish holding firm Together Energy Retail confirmed on Tuesday (January 18) they had ceased trading.
A statement on both businesses websites thanked the group’s 176,000 household customers, saying: “Despite press reports, we did buy enough gas and electricity for your needs, but the sustained increase in wholesale prices and the securities required to continue to forward purchase the energy, have meant that it is untenable for us to continue.”
