Fourteen electricity and gas suppliers are deemed “maximum risk” under their credit score, accountant Price Bailey found, indicating they will find it difficult to access funding.
It comes amid little sign of respite from the high wholesale natural gas prices caused by a global supply crunch, which have already pushed 19 energy suppliers out of business since the start of September.
Natural gas prices have climbed as much as six times since last summer, but Britain’s price cap on energy bills prevents companies from passing those costs on to customers immediately.
Matt Howard, partner at Price Bailey, said: “The energy supply sector is facing complete carnage as we head into the winter months.
“Over a third of suppliers have already gone bust and another third are at imminent risk of going under in the coming months.”
Price Bailey, a top 30 accountant, checked the Delphi credit scores of all the household electricity and gas supply licence holders registered with Ofgem, excluding the Big Six and two whose credit scores were suppressed.
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Of the 29 companies checked, it found that 19 had above average credit risk scores, and 14 are deemed maximum risk.
The figures are likely to trigger alarm among regulators, who have already had to transfer more than two million customers to new companies after
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