Neon Reef and Social Energy become latest UK power suppliers to go bust

Global gas supply crunch claims another two firms as 35,500 customers told Ofgem will appoint new providers

Another two energy suppliers have gone bust, bringing the total number of companies crashing out of the UK’s energy market to 21 in the last 10 weeks.

Neon Reef and Social Energy have both collapsed under the pressure of rocketing energy market prices, which have reached record highs in recent months amid a global gas supply crunch.

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