Czech power company Bohemia the latest price crisis casualty

Benchmark European gas prices have soared this year because of factors such as low stocks, infrastructure outages and high demand in Asia, lifting power prices to record highs.

"With regret, we have to announce that the Bohemia Energy Group is, with immediate effect, ending supplies of electricity and gas to the Czech energy market," the company said on its website on Wednesday. It was set up and controlled by businessman Jiri Pisarik, who was listed by Forbes as worth 8.3 billion Czech crowns this year.

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