UK Power Sector Could See Tidal Wave Of Bankruptcies

Update: Green Energy, a small-sized, and Avro, a medium-sized energy retailer just declared bankruptcy, leaving 1.5 million households scrambling for a new provider. More UK energy suppliers are set to go bust as soaring gas prices are putting an unprecedented cost burden on smaller electricity and gas providers, the head of the UK's energy regulator said on Wednesday. "We do expect more (suppliers) not to be able to face the circumstances we're in, but it's genuinely hard to say more than that, partly because that means predicting what may happen…