Soaring gas prices send UK Electric Co. under administration

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By Rick Archer (November 23, 2021, 12:48 p.m. EST) – UK electricity supplier Bulb Ltd. electric tariffs.

In an article published on its website Monday, Bulb – which serves around 6% of the UK electricity market – said talks to secure new financing for the company had failed due to current gas prices and the cap on gas prices. price adopted by the UK Government’s Office of Gas and Electricity Markets. in August means he is forced to sell electricity at a “significant loss”.

In its announcement, the company …

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