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 […]

Energy Suppliers – Government Intervention

We’re still waiting for clarity on any potential government intervention in the energy crunch, as larger energy suppliers take on new customers whose energy supplier has gone out of business. The current number stands at more than 2 million homes, but some of these will not have hedged for the additional customers. It is estimated […]

What’s next for the Energy Industry?

With natural gas prices rocketing by more than 420%, the UK dealing with too little wind, the IFA-1 electricity cable fire and energy suppliers going out of business, what’s next for the energy industry?   The ‘energy crunch’ will affect millions Fuel poverty is not simply a trending hashtag. Millions of UK households will face […]

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 Supplier of Last Resort (SoLR)

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 […]

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 […]

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 […]

The prepayment price cap

The music has stopped, the results are in, how did they land? Last year the Competition and Markets Authority (CMA) completed their two year investigation into the UK domestic energy market amongst the remedies suggested. The CMA introduced the idea of a price cap for prepayment meter (PPM) customers. I am sure most of you […]

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