In today's rapidly evolving energy landscape, staying informed about emerging trends is crucial for small and medium-sized enterprises (SMEs) aiming to maintain competitive advantage and sustainability. With the global push towards greener solutions and technological...
The cheapest kWh of energy is the one you don't use. Using less energy and eliminating waste is now not the preserve of businesses that wish to show environmentally friendly credentials, it is an essential part of keeping your businesses profitable and in some...
Over two-thirds of businesses expect to increase prices during the next three months, to offset record-high energy and raw material costs. Corporate confidence in the economy has fallen to a 15-month low, while consumer confidence is at its lowest level for 48 years,...
The national audit office has put the blame for the collapse of the energy supply sector squarely at the feet of the energy regulator Ofgem. The National Audit Office said Ofgem had allowed suppliers to enter the market and operate with weak financial resilience and...
Over 30% of UK businesses have been forced to increase prices to keep up with the rising costs of energy and foodstuffs. The average UK micro business, if renewing both its electricity and gas contract within the current climate, would see its annual energy cost...
The Monetary Policy Committee of the Bank of England has voted to boost UK interest rates to 0.5 percent in response to inflation reaching its highest level in 30 years. The Bank of England now predicts that inflation will peak in April 2023 at roughly 7.25 percent....
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...
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...