The dramatic exit from the U.K. gas market of a middleman that supplies the fuel to utilities is already reverberating through the industry.
Xcel Power Ltd., a small retailer to businesses, warned Thursday it’s likely to fold after the company it buys gas from -- CNG Group Ltd. -- said it would stop supplying the fuel. It’s the latest escalation in a crisis rocking the industry, with weeks of record prices already pushing more than a dozen suppliers out of business.
"Exit" - Google News
October 14, 2021 at 05:48PM
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U.K. Energy Crisis Worsens as Middleman's Exit Reverberates - Bloomberg
"Exit" - Google News
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