The energy supplier has become the latest to fall victim to a surge in green gas prices, which is expected to put dozens of companies out of business.
About 250,000 Green customers will be temporarily left in limbo after the company announced the closure of business. Energy regulator Offgame will manage the process of switching customers to a new provider.
Green took a dig at the government, which is said to have “left behind” smaller energy suppliers.
The company said in a statement: “Green fears that small energy suppliers are being left behind by the government, with rescue packages for larger suppliers and private discussions with the business secretary being offered.
“There is a position in the government and in the offgame that smaller suppliers should be left to fail, despite unprecedented growth in bulk electricity and gas, the costs of failed suppliers being reciprocated across the industry, and an outdated price cap. The method forces smaller suppliers to sell. At a loss.”
Credit: www.independent.co.uk /