BP-backed Pure Planet and Colorado Energy, a specialist energy provider that targeted renters, have become the latest of a dozen UK suppliers to go bust since the start of August because of record wholesale gas prices.
Pure Planet, which was 24 per cent owned by BP, supplied gas and electricity to around 235,000 customers, while Colorado Energy had an estimated 15,000 customers.
Pure Planet blamed record wholesale prices and the UK’s energy price cap for its collapse.
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