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Gas & electicity for the next 8 months bought by council

Gas & electicity for the next 8 months bought by council Slough Borough Council in the South East of England will buy 100% of its estimated energy consumtion until March 2023 in advance. Previously this year, the local authority could see its energy bills soar by an additional £3m as a result of the rising…
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Rocket and feather pricing by petrol stations blamed

Rocket and feather pricing by petrol stations blamed Fuel retailers have collected nasty reviews over their “rocket and feather” pricing practices. On Monday, the breakdown provider RAC has stated a litre of unleaded broke records again when it averaged 191.05p on Sunday, taking a full tank of more than £105. Diesel also reached another high…
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Energy price jumps leave cap forecasts at over £2,900/yr

Energy price jumps leave cap forecasts at over £2,900/yr: Today’s significant rise in the price of wholesale gas has once again sent predictions for the Winter Default Tariff Cap rocketing upwards, with Cornwall Insight now predicting the cap will rise in October to over £2,900 a year for an average user. The price cap has…
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Profits at British Gas will increase by 44% in 2021

Profits at British Gas will increase by 44% in 2021: In the midst of the energy crisis, British Gas has reported a significant increase in profits. Centrica, British Gas’ parent company, published its financial results today, revealing that the company’s adjusted operating profit increased by 44 percent to £118 million in 2021. According to the…
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Volatile energy prices set to continue into 2030

Volatile energy prices set to continue into 2030: Research from Cornwall Insight has shown that conditions could be in place for volatile wholesale energy prices to continue into 2030 and beyond, unless the UK develops a long-term strategy to cope with changes in energy production and unstable economic, geopolitical, and ecological systems. Cornwall Insight’s Benchmark…
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Chancellor going to give £300 for soaring energy bills

Chancellor going to give £300 for soaring energy bills: A think tank has today urged the Chancellor to offer £300 cash payments to help households deal with the stress of rising energy bills. According to Dr Aveek Bhattacharya, Chief Economist of the Social Market Foundation, consumers should receive these grants, plus an extra £200 for…
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Bulb formally engages in special administration

Bulb formally engages in special administration: The government has reported energy supplier Bulb has formally entered into special administration with the firm carrying on delivering energy to its customers. A Special Administration Regime (SAR) is a procedure to protect customers when a major provider falls. SARs are applied in cases where important services may otherwise…
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Supplier’s Increase tariffs by 33% as Gas prices soar

Supplier’s Increase tariffs by 33% as Gas prices soar: As a result of significant increases in worldwide wholesale gas costs, gas supplier firmus energy has announced a 32.98 percent increase in its charges in the Greater Belfast area. The increased rates will take effect on October 22nd, according to the corporation. The extra cost of…
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