Daligas becomes third UK energy supplier to collapse this week

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Daligas becomes third UK energy supplier to collapse this week
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Small British energy supplier Daligas ceased to trade on Thursday, the regulator Ofgem said, becoming the third to collapse this week and one of a dozen to fail since September as they struggle to cope with record wholesale energy prices.

Many British energy firms, often supplying both gas and electricity to homes and businesses, have struggled with soaring wholesale energy costs because of the regulator's price caps, which limits how much of the price rise they can pass on.

Daligas has about 9,000 domestic and non-domestic gas customers, Ofgem said. A new supplier will be found for customers and any credit a customer has would be protected. Two other suppliers, Pure Planet and Colorado Energy, ceased to trade on Wednesday and 12 suppliers have collapsed since the start of September, meaning almost 2 million customers have had to be transferred to new suppliers.

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