UK Fuel Crisis
Fuel prices in the UK rose sharply in the end of the summer, creating a risk supply chain disruptions. The situation was aggravated by Brexit and the COVID-19 pandemic, due to which the number of truck drivers, including fuel tankers, has decreased.
Another UK Energy Supplier Pushed Out of Market by High Gas Prices
© Sputnik / Ruslan KrivobokBooster pump station
© Sputnik / Ruslan Krivobok/
LONDON (Sputnik) – Zog Energy Ltd became on Wednesday the latest UK energy supplier to collapse in recent months due to rising global gas prices, forcing the energy regulator to assign a new supplier to the company’s customers.
"Zog Energy Ltd is ceasing to trade. Ofgem, the energy regulator, is appointing a new supplier for its customers," the gas provider announced in a short message to its 11,700 customers posted on its website.
The UK energy watchdog has been forced to find new suppliers for more than 2 million households after 25 large and small energy suppliers ceased trade since September, following a sharp increase in gas prices around the world.