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Ofgem, the UK energy regulator, recently increased the domestic energy price cap to help suppliers recover money lost over the last 12 months. The price cap exists to control the cost of gas and electricity in the UK and limits the unit rate and standing charge that...
The financial resilience of suppliers is due to be tested by Ofgem, test will ensure a review of Ofgem’s price cap policy after a string of vulnerable suppliers cease trading and declare bankruptcy due to a 500% jump in gas prices. Following further concern that a...
From April energy bills could rise to almost £1900 a year, due to supplier collapses caused by a decade of regulatory mishaps and the rise of wholesale prices. The energy regulator, Ofgem who’s slogan” making a positive difference for energy consumers” is responsible...
Morals Vs Margins: Utility Warehouse ordered to pay £1.5million for failing to support vulnerable customers. Ofgem orders utility warehouse to pay £1.5million for ignoring customers facing hardship. Ofgem has ordered Utility Warehouse to pay £1.5m after the company...
2 GW of extra power to be restored at IFA1 in kent,10 months ahead of schedule. The UK's national grid has announced that it plans to bring a full 2 gigawatts of capacity back to its IFA1 interconnector in Kent. The extra capacity is expected to be introduced in...
Dyce Energy has written to both its customers and broker network this morning. The letter’s stated goal is to outline Dyce Energy’s current position, but it asks a lot more questions than it answers. Current Dyce Energy business customers, who have contracted with...
SME's Lagging On Net Zero Goal. As the government pushes to meet its 2050 Net Zero emissions target, it has surfaced that there is still a greater challenge to push smaller companies to join the movement and cut their carbon footprint. Only around half of smaller...
Vital manufacturers including producers of steel, glass, ceramics and paper, have threatened the government with closure unless soaring wholesale gas prices come to an end. Industry experts held talks with minister Kwasi Kwarteng but concluded with no immediate...
Putin steps in as global oil prices jump to a new three year high at $83 a barrel. Gas prices hit a new three-year peak on 5th October 2021, fuelling further worries for households and businesses alike. The surge in price is due to high demand as the world recovers...
New OPEC Deal is Expected to Ease the Global Fuel Prices The member countries of OPEC (Organization for Petroleum Production Countries) and several other oil-rich countries like Russia finally agreed to boost the oil production by 400,000 tons per day starting from...
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