Dozens of UK suppliers have collapsed, many of which had not hedged their wholesale gas purchases before enormous price rises.A company that supplies electricity to more than 300,000 British households is seeking tens of millions of pounds of additional funding amid continued industry turmoil.
The search for new capital comes a year after the Irish energy group ESB took a controlling stake in the business. Dozens of UK suppliers have collapsed, many of which had not hedged their wholesale gas purchases before enormous price rises.