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Energy suppliers Pure Planet and Colorado collapse affecting 250,000 households across the UK

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Pure Planet and Colorado Energy, who have a combined total of 250,000 UK customers, have become the latest companies to collapse due to soaring wholesale prices and join nine small energy suppliers who stopped trading from the start of September.

Energy watchdog Ofgem has said it will protect the customers' supply of energy and credit in accounts. Households will be moved to a new supplier when one is found.

Pure Planet, which has 235,000 UK customers, said it was unable to continue operating "due to the global energy crisis, record high wholesale energy costs, and the restrictions placed on us by Ofgem's Price Cap".

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