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Energy Market Crisis Archives - Energy Angels

Government Funded Energy Discounts

We’re in an energy crisis, the Ofgem price cap has just increased and winter is just around the corner. For some, there are short-term options via government funded discounts.However, even for those not entitled to claim Warm Home Discount, Winter fuel Payment or Cold Weather Payment, it is important that you do all that you can

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What is the Energy Price Cap?

The squeeze on household finances for millions will take hold as the latest energy price cap takes effect. But, what is the price cap and how does it affect millions of UK households? What is the energy price cap?The energy price cap was introduced in January 2019 and set by Ofgem, the energy regulator, under government

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Energy Suppliers Going Out Of Business

Surging gas wholesale prices have put unparalleled pressure on the UK's gas supply in recent weeks. As a result, a number of smaller energy suppliers are going out of business.Ofgem, the UK’s energy regulator, has admitted many more could follow suit in the coming months. Which energy suppliers have gone out of business?Energy suppliers that have

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Energy Suppliers – Hedging Explained

You may have seen or heard various discussions about how UK energy suppliers use hedging.   What is Hedging?Energy hedging can pay handsome dividends for energy suppliers. However, it could plunge companies into financial turmoil!Fundamentally, energy prices are unpredictable and fluctuate with supply and demand, politics, natural disasters, or even unforeseen circumstances such as the recent

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