As the crisis in the UK energy market escalates, PricewaterhouseCoopers (PwC) has been appointed as joint administrators of Zebra Power Limited.
The energy supplier had experienced financial hardship as a consequence of the skyrocketing increase in wholesale gas and electricity prices.
Last month the firm’s gas supplier told the company that it will withdraw from the wholesale gas market.
Three days ago, it was announced that British Gas will take on customers of Zebra Power that supplies 14,800 customers.
The company went bust last week and was followed by the collapses of Omni Energy, MA Energy and Ampoweruk.
Jane Steer, Zebra Power joint administrator and PwC partner, said: “The energy industry has been facing well-documented challenges with unprecedented rises in wholesale energy prices.
“The Company has worked with key stakeholders and Ofgem to secure a Supplier of Last Resort and ensure continued services for its customer base.
“We will be working closely with British Gas to ensure a smooth transition for all customers. Our priority is to preserve continuity. I would like to thank the employees of the Company for their ongoing support and hard work during a very difficult time.”