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Watch the gap between price cap & cheapest energy deals

Watch the gap between price cap & cheapest energy deals: The skyrocketing wholesale energy prices appear to have taken their toll on the energy rates accessible to customers. According to new data by Cornwall Insight, the gap between the 10 lowest tariffs on sale and the current default tariff ceiling for September 2021 is only…
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Amid the energy crisis Good Energy is ‘90% hedged’

Amid the energy crisis Good Energy is ‘90% hedged’: Good Energy, a renewable energy supplier, is 90 percent hedged for the next 12 months to help minimise the firm’s exposure to increasing energy prices and market volatility. “The business, like the sector at large given recent supplier exits, remains subject to a higher level of…
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Energy crisis make suppliers cease adding new customers

Energy crisis make suppliers cease adding new customers: While the UK’s energy market has been descended into turmoil with a small quantity of companies having already gone bust, 2 suppliers have reported they will stop accepting new customers. Energy firm Utilita which provides energy to almost 800,000 customers stated: “By now, we are sure you…
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More energy suppliers have gone under

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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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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Price comparison site turns off gas & electricity switching

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

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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ESB obtains major share in So Energy

ESB obtains major share in So Energy: ESB, an Irish state owned electricity business has attained a 75% stake in the energy supplier So Energy. The latest merged body, formed after the deal between ESB Energy & So Energy, contains over 300,000 customers who will not be troubled because of the merger. Simon Oscroft, So…
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July’s energy switches have slowed down

July’s energy switches have slowed down: Energy switching action has reduced pace last month, as reported by the newest Energy UK’s figures. The figures reveal over 452,000 customers switched to a new supplier in July, constituting a 13% reduction in the numbers in comparison to the same month the previous year. The data additionally calculates…
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Energy switching rates for July hit a 3 year low

Energy switching rates for July hit a 3 year low: July’s energy supplier switching hit a 3-year low. That’s as claimed by the newest report by ElectraLink, which evaluates that nearly 453,000 energy switches were documented last month. This is about 16% fewer than July of last year as well as the lowest July from…
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