Upstart Australian power retailer Urth Energy has become the second energy market newcomer to fail within 12 months more than likely another victim of soaring wholesale electricity prices after administrators were called in this week, rendering it ineligible to trade on the NEM.

In an announcement on Wednesday evening, the Australian Energy Market Operator said advised that Urth was being suspended from all trading in the National Electricity Market until such time as AEMO notifies Urth and all other Registered Participants that the suspension has been lifted.

The company set i…

Read the full article at: https://reneweconomy.com.au/solar-focused-retailer-urth-energy-goes-into-administration-19753/