The story
2021–2022
Sharp increases in wholesale gas prices in summer and autumn 2021, and a consequent increase in wholesale electricity prices, led to further collapses. High prices continued into 2022. Ofgem continued to arrange for customers of those companies to be transferred to other suppliers, but when Bulb Energy failed in November 2021 a different approach was needed: with 1.7 million customers, it was the seventh biggest supplier company. Bulb was placed in "special administration" and the UK government undertook to cover its losses while a sale or restructuring was organised, with a potential cost to taxpayers of £1.7 billion.
2023–2024
No significant company failures.
From Wikipedia’s article on Big Six energy suppliers, shared under CC BY-SA 4.0.3