Two more energy suppliers go bust

Two more energy suppliers with a combined total of 35,500 customers have ceased trading amid a backdrop of high wholesale energy prices.

Neon Reef and Social Energy Supply have ceased trading, according to the energy regulator Ofgem.

Neon is the larger supplier with 30,000 domestic customers.

It means that more than 20 suppliers have now ceased operations since August, affecting more than two million customers overall.

Those households have been moved to new suppliers, but generally on more expensive tariffs although the government price cap is some comfort at least.

Ofgem said that customers of Neon and Social Energy Supply should take meter readings and wait for more information regarding their new supplier.