Energy suppliers are rejecting new customers amid market crisis…

Over the past few months, the UK energy market has seized up. Spiralling wholesale gas prices have let to the demise of 21 energy suppliers and about 2 million customers having to be switched to a new supplier appointed by the energy regulator, Ofgem.

For most customers, it has been a story of big price increases as they have found themselves switched to a price-capped tariff much higher than the contract they were on. However, a new problem has emerged that could affect anyone connecting a new supply to the grid for the first time: suppliers are now refusing to take on new customers in case they end up making a loss.