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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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Russia might help the UK ease issues from energy crisis

Russia might help the UK ease issues from energy crisis: As gas prices proceed to skyrocket there have been allegations Russia is manipulating the energy crisis to drive through the authorisation of a new gas pipeline that would strengthen its dominance on the global energy market. Speaking to The Andrew Marr Show on BBC, &…
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Trying to survive at times like this has become unsustainable

Trying to survive at times like this has become unsustainable:  Only a few hours after Ofgem announced that Colorado Energy will stop operations, the company’s General Manager highlighted how tough the choice was for the supplier. “Heartbroken today to have to share the news that our company is entering into the Supplier of Last Resort…
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E.ON is stopping offering natural gas contracts

E.ON is stopping offering natural gas contracts:  Soaring gas prices appear to be having an influence not just on the UK’s energy market, but also on that of its northwest neighbour, Germany. “unfortunately, we are currently unable to offer you natural gas products.” E.ON has written on its website in the section for its gas…
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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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Maintaining the price cap is “non-negotiable”

Maintaining the price cap is “non-negotiable”: In the midst of the UK’s energy market crisis, the Business and Energy Secretary has dismissed rumours that the price ceiling may be lifted. Because of the skyrocketing wholesale energy prices, there has been speculation and pressure on BEIS and Ofgem to raise the ceiling in recent weeks. Critics…
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Contemplation over Bulb’s acquisition by Ovo Energy

Contemplation over Bulb’s acquisition by Ovo Energy: Ovo Energy will presumably make a proposal this week to purchase Bulb. Sky News reported that Ovo, along with the help of its largest shareholder Mitsubishi, will offer a price to acquire the competing energy supplier that, recently, has been examining  opportunities to finance its business plans throughout…
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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 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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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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