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Renewables Obligation mutualisation predicted further yrs

Heather Trudeau
Cornwall Insight, electricity bill, energy suppliers, Finance & Markets, gas and power, Renewables Obligations, RO compliance, wholesale energy
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Renewables Obligation mutualisation predicted further yrs: Forecasts from Cornwall Insight‘s ‘Within-term ROC market forecast’ predict a potential shortfall in the 2020-21 Renewable Obligation (RO) buy-out and late payment fund of over £170mn, with 16 supplier exits to date that could impact upon the scheme’s payments. Furthermore, it predicts that mutualisation will be triggered for the…
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Talk denied with Kwasi Kwarteng over energy crisis

Heather Trudeau
energy crisis, energy prices, energy suppliers, energy supply, energy-intensive, Finance & Markets, Kwasi Kwarteng, Ofgem, Policy, subsidies, Top Stories, Treasury, UK
Talk denied with Kwasi Kwarteng over energy crisis: According to reports, the Treasury has rejected any conversations with Business and Energy Secretary Kwasi Kwarteng regarding potential help for energy-intensive sectors in order to address the energy issue. Mr Kwarteng stated on the BBC’s Andrew Marr Show that he was “working very closely” with Chancellor Rishi…
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More energy suppliers have gone under

Heather Trudeau
Avro Energy, BEIS, credit balance, domestic customers, energy bills, energy customers, energy suppliers, energy supply, Finance & Markets, Green Supplier Limited, Ofgem, price cap, Tariff, Top Stories
More energy suppliers have gone under: Two more energy suppliers have ceased trading today as domino effect of the UK’s energy market is in full swing. Added to a long list of companies that went bust in the last couple of weeks amid soaring energy prices is Avro Energy and Green Supplier Limited. This announcement…
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Price comparison site turns off gas & electricity switching

Heather Trudeau
electricity, energy costs, energy customers, energy suppliers, energy switching, Finance & Markets, Gas, gas price, Go Compare, Tariff
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Price comparison site turns off gas & electricity switching: Price comparison website Go Compare has reported it has briefly stopped its gas & electricity switching service during increasing wholesale gas prices. It says that present energy costs have compelled numerous suppliers to delete their tariffs from the site. They company remarked: “We believe in always…
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People’s Energy and Utility Point have gone bust

Heather Trudeau
energy consumers, energy suppliers, energy supply, Finance & Markets, grid, Ofgem, People's Energy, Tariff, utility point
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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Energy supplier consolidation expected to continue

Heather Trudeau
climate change, consolidation, Cornwall Insight, Efficiency & Environment, energy market, energy suppliers, Finance & Markets, Infrastructure, net-zero, Ofgem, Shoosmiths, SoLR
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Energy supplier consolidation expected to continue: The UK’s energy supply market has been undergoing a period of consolidation, with the number of fully licensed suppliers falling to under 50 from a high of 62 in 2018, according to a report commissioned by Shoosmiths and produced by Cornwall Insights – Consolidation in the domestic energy market.…
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SME power prices reach record highs

Heather Trudeau
Beast from the East, Cornwall Insight, Efficiency & Environment, energy market, energy suppliers, gas and power, SMEs, wholesale energy
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SME power prices reach record highs: Small and Medium Enterprises (SME) power prices have continued to rise in Q221, reaching the highest level since our records began in Q212, according to the latest research from Cornwall Insight’s Pricing in the SME power market report. Over the past quarter, prices have increased by 5.82% to average…
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Are smart meters a smart idea?

Heather Trudeau
energy consumption, energy efficiency, energy supplier, energy suppliers, energy switch, energy switching, energy use, Finance & Markets, smart meter, Top Stories
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Are smart meters a smart idea? In a recent review completed by Compare the market, approximately only one in six energy deals are available for house which currently hold a smart meter. The research discovered that owners of a smart meter have a very limited range of tariffs for switching suppliers, also the average tariff…
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Second utility bill rise for the UK?

Heather Trudeau
bulb, direct debit, electricity, electricity bills, energy customers, energy suppliers, Finance & Markets, Gas, price cap, Top Stories, wholesale energy
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Second utility bill rise for the UK? We will see another rise for the UK’s gas and electricity bills this year. Even though we saw utility bills rise for millions of people in April this year, after the price cap was changed to £96 per year, current Bulb customers can expect to see a second…
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Ofgem suggest suppliers repay £1.4bn customer credit

Heather Trudeau
auto-refund, consultation, credit balances, direct debit, energy suppliers, energy use, Finance & Markets, Ofgem, payments, Policy, Top Stories, UK
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Ofgem suggest suppliers repay £1.4bn customer credit: Ofgem may call on energy suppliers to give back £1.4 billion to customers in Britain because of the latest proposals to limit the amount of customer credit balances they can obtain. This would come in at about £65 per household being sent back automatically, making certain consumers that…
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