The government has said it has to "prepare for the worst" as the UK's energy firms continue to come under pressure from soaring gas prices.
Small business minister Paul Scully told the BBC his department was working closely with regulator Ofgem to protect customers if more firms went bust.
Nearly 1.5 million customers have been hit in just two weeks by energy firms collapsing under soaring gas prices.
Among them are Avro Energy and Green, which ceased trading on Wednesday.
Their 830,000 combined customers face being switched to a new, potentially more expensive, provider.
All affected customers will still receive energy while a new supplier is appointed by Ofgem.
Smaller providers launched in recent years have been overwhelmed by a global spike in wholesale gas prices, as economies have reopened from lockdowns and high demand from Asia has pushed down supplies to Europe.
https://www.bbc.co.uk/news/business-58668594
Small business minister Paul Scully told the BBC his department was working closely with regulator Ofgem to protect customers if more firms went bust.
Nearly 1.5 million customers have been hit in just two weeks by energy firms collapsing under soaring gas prices.
Among them are Avro Energy and Green, which ceased trading on Wednesday.
Their 830,000 combined customers face being switched to a new, potentially more expensive, provider.
All affected customers will still receive energy while a new supplier is appointed by Ofgem.
Smaller providers launched in recent years have been overwhelmed by a global spike in wholesale gas prices, as economies have reopened from lockdowns and high demand from Asia has pushed down supplies to Europe.
https://www.bbc.co.uk/news/business-58668594
