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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It is reported that more than half of UK households are on standard energy tariffs. This results in a financial headache for millions, after last week’s energy price cap by UK energy regulator, Ofgem. But why are there no domestic tariffs available?Are there any domestic tariffs options?For years, experts, media and commentators have implored customers
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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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Government ministers have stated that the UK will avoid the lights going out this winter. However, there is a fear that when the demand for heating increases, coupled with the end of the £20 cut in universal credit uplift, it is likely to drive vulnerable households into fuel poverty. Although recent petrol panic buying has taken
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The recent increase in wholesale global gas prices is impacting the UK, as we slowly recover from the impacts of COVID-19. These are unparalleled times in the UK energy market and it is anticipated that we will see more energy suppliers exiting the market in the coming months. At this point, Ofgem appoints a Supplier
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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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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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You may have seen energy crunch news headlines over the last week regarding the critical issues in the energy market. Is the UK energy industry in a crisis?What has happened to the UK energy industry?It’s all about high gas prices and its continued role in the creation of electricity. Low volumes of gas stored in
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