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UK energy crisis: Which suppliers are the most stable?

UK energy crisis: Which suppliers are the most stable?: In the UK today the energy market is going through unprecedented hardships which has already led to several notable energy suppliers going bust. As of August 2021, there have already been 10 energy suppliers that have ceased trading, which has left millions of UK residents concerned…
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Energy prices predicted to soar in summer 2022

Energy prices predicted to soar in summer 2022: Analysts have forecasted that the price cap this coming summer may ‘burn’ holes in energy consumers’ pockets. A Cornwall Insight analysis expects the default price cap will rise by 14% to £1,455 annually for dual fuel consumers. If the prediction becomes accurate, that will come after this…
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People’s Energy and Utility Point have gone bust

People’s Energy and Utility Point gone bust: Is this a dominos effect on the energy market? Two other energy suppliers have gone under just a week after Pfp Energy and MoneyPlus Energy went bust. It has been announced today by People’s Energy and Utility Point that they have ceased buisness. Nearly 350,000 People’s Energy Customers…
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Ofgem starts inquiry into Community Energy Scheme UK

Ofgem starts inquiry into Community Energy Scheme UK: Ofgem has opened an investigation to see if Community Energy Scheme UK Limited (CES) & its sales and customers methods do not conform to consumer protection legislation. Britain’s energy regulator remarked that the inquiry will think about whether CES violated consumer protection legislation, counting the Consumer Protection…
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US energy usage drops to lowest in 30 years

US energy usage drops to lowest in 30 years: The United States most important power use plummeted by 7.8% in 2020, the biggest year-on-year decline in power consumption in at least 30 years. Power demand from the transportation sector fell hardest another report by BloombergNEF and Sustainable energy found, slipping 14.4% as Americans drove and…
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Texans see increase in their energy bills after blackouts

Texans see increase in their energy bills after blackouts: Many households in Texas have seen a enormous increase in energy bills as thousands of people have suffered freezing cold without heat and electricity after power outages. David Astrein who lives in Texas is one among these individuals who selected to leave the heat on with…
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National Grid warning network decay risks power blackouts

National Grid warning network decay risks power blackouts: Due to the decaying electricity network, the boss of National Grid has warned Britain will be at risk of power blackouts. Speaking to The Times, John Pettigrew said Ofgem‘s plans to cut investments in energy networks could result in an increased risk of blackouts as the regulator…
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