Another of the UK’s small energy suppliers is lining up advisers to oversee its potential insolvency after ministers ruled out stepping in to prop up companies on the brink of collapse.Sky News has learnt that Green, which serves about 250,000 customers, is working with Alvarez & Marsal (A&M) to coordinate plans to use the industry regulator Ofgem’s Supplier of Last Resort (SOLR) mechanism.
An administration of Green is possible within days, sources said on Tuesday, and is expected to be followed by many more.
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Soaring prices threaten energy firms
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