Entice Energy and Orbit Energy have become the latest suppliers to collapse, marking ten in November alone.
The UK government have put aside £1.7 billion to support failed supplier Bulb, following it going into the special administration regime earlier this week.
Ofgem has appointed British Gas as the supplier of last resort (SoLR) for Neon Reef Limited and Social Energy Supply Ltd, taking on approximately 35,500 domestic customers.
Ofgem is to consult on the energy price cap, as suppliers continue to falter amidst record high power prices.
Energy supplier Bulb is to enter into special administration, pointing to the continuing energy crisis.
Neon Reef Limited and Social Energy Supply Ltd have become the latest suppliers to collapse, leaving around 30,000 and 5,500 domestic customers respectively.
Five more suppliers have defaulted out of Elexon’s Balancing and Settlement Code (BSC), as energy suppliers continue to struggle amid market pressures.