The energy crisis and soaring wholesale power and natural gas prices claimed its biggest victim so far in the UK when Bulb, a power and gas supplier serving 1.7 million customers, said on Monday that it would enter into special administration. Bulb, the supplier founded in 2015, became the latest in a series of some 20 energy providers in the UK that were forced to exit the retail energy market amid unsustainably high wholesale prices for natural gas and electricity. Gas and electricity prices have surged in recent months in the UK and the rest of Europe amid an energy crunch that sent prices spiking and boosted inflation. Since the energy crunch began in September, more than a dozen power and gas suppliers in the UK have exited the retail energy market, and more are likely to do so. Another 20 energy providers in the UK could go bust […]