Two U.K. Energy Suppliers Collapse as Crisis Escalates

The video discusses the closure of energy companies like Pure Planet and Colorado Energy, affecting 250,000 customers. Since August, 12 companies have closed, impacting 2 million households. The closures could exacerbate UK inflation and stress the energy market. Government caps limit customer costs, but providers face challenges, especially smaller ones needing to buy at high spot market prices. This situation may lead to more company closures, as warned by the UK Business Secretary.

How many customers were affected by the closure of Pure Planet and Colorado Energy?

• 100,000

• 500,000

• 1,000,000

• 250,000

What is the total number of households affected by the closure of 12 energy companies since August?

• 500,000

• 1,000,000

• 2,000,000

• 3,000,000

What could the energy crisis potentially increase in the UK?

• UK inflation

• Employment rates

• Export levels

• Tourism

What is one of the challenges faced by large energy providers due to the crisis?

• Decreased energy prices

• Lack of customers

• Excessive government support

• Increased customer base

Why are small energy providers struggling in the spot market?

• They face sky-high prices

• They have fixed contracts

• They are fully hedged

• They have government subsidies