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Entice and Orbit become latest energy firms to go bust

From bbc.co.uk

Two more energy suppliers have gone bust amid the surge in gas prices, the regulator Ofgem has said. Entice Energy and Orbit Energy, which have about 5,400 and 65,000 customers respectively, ceased trading on Wednesday. The two firms are the latest companies to go under as higher wholesale gas prices have made price promises by suppliers to customers undeliverable. Ofgem said new suppliers would be found for the two companies' customers. Households have been advised to wait until a new supplier is appointed before thinking about switching company. Neil Lawrence, director of retail at Ofgem, said:  "I want to ... (full story)

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