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First Energy Providers Go Bust in Germany, Czech Republic

Otima Energie AG, an energy provider in Brandenburg, announced its insolvency yesterday and told its customers to seek another provider. A total of 430 customers are involved, mostly public administration and private firms.

The problem is that Otima could be the first in a long series of providers going bust because of the high gas prices. EnBW (Karlsruhe), Entega (Darmstadt) and E.ON are reviewing their prices for new customers, Focus reports.

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