Energy Price Cap is to rise by £693

Ofgem, the energy regulator, has today announced that the energy price cap is to rise by £693. The 54% increase, coming into effect in April, will result in energy bills increasing to £1,971 a year and affect around 22 million customers on standard tariffs. In an Ofgem energy price cap press release, Jonathan Brearley, chief […]

Top 7 things about the Energy Price Cap

With the current energy crunch putting a strain on finances for millions of UK households and with the energy price cap announcement due next week, we give you the top 7 things about the energy price cap.   What is the energy price cap? The energy price cap sets a maximum daily amount (what you […]

Bulb Energy – The Special Administration

Bulb Energy, which supplies more than 1.7 million customers, has collapsed and will be the first energy supplier to be placed into the Special Administration Regime (SAR). Rumours have been circulating for a while and the news has been long expected by rival suppliers after it struggled to find a buyer or financial investment. Octopus […]

Why Are There No Domestic Tariffs Available?

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 […]

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 […]

Taking Care Of Our Social Housing Partners

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 […]

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 […]

The UK Energy Industry Crisis Explained

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 […]

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