German energy suppliers go BUST Another German energy provide | Search4truth
German energy suppliers go BUST
Another German energy provider has ceased operations as a result of the unprecedented gas price surge on the European market, Focus news magazine reported on Friday.
According to the media, electricity discounter Stromio has become the seventh provider since October to halt supplies to household customers. Most of these companies have filed for bankruptcy. Stromio explained that the move is due to the “historically unique price development in the electricity market.” Industry experts believe that several hundred thousand customers will be affected by the termination.
