Together Energy is the latest supplier to cease trading amid the surge in gas prices, the regulator Ofgem has said. Together Energy Retail, which has about 176,000 domestic customers, was part-owned by Warrington Borough Council. The council, which spent £18m on a 50% stake in the firm in 2019, said it was “disappointed” the firm had gone under, but defended its investment decision. Ofgem said a new supplier would be found for the company’s customers and that energy supply would continue. A total of 28 energy suppliers, mostly smaller firms, have stopped trading in the UK since August, affecting millions of customers. In a statement on its website, Together Energy said the “sustained increase in wholesale prices and the securities required to continue to forward purchase the energy”, made the firm’s situation “untenable”.
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