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Renewables Obligation mutualisation predicted further yrs

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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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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Energy supplier consolidation expected to continue

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

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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Second utility bill rise for the UK?

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

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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Industry reacts to Ofgem’s changing price cap

Industry reacts to Ofgem’s changing price cap: Ofgem reported that from April, price cap will go back to pre-pandemic levels, because of changes in wholesale energy prices. The new cap will increase up to £96 on households’ bills. The industry responded. Cost of buying energy increased considerably Reacting to this morning’s price cap report, Energy…
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Business market share

Business gas & electricity market share changed

Business gas & electricity market share changed: The non-domestic gas and electricity market has fundamentally changed according to Cornwall Insight’s Business Gas and Electricity Market share Survey for Q420. According to the report the number of gas suppliers peaked in April 2019 at 77 suppliers and the collective market share by meters held by non-large…
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There’s help if you’re struggling to pay for your energy bills

There’s help if you’re struggling to pay for your energy bills: Ofgem has just introduced new regulations for energy suppliers to offer as of the 15th of December 2020. The new regulations purpose is protection for customers who are struggling to keep up with their energy bills. Energy suppliers will be obligated to give more…
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EON provide smart meter installation help to larger market

EON provide smart meter installation help to larger market: E.ON is continuing its smart metering installation & assistance expertise to other energy suppliers in order to help meet their installation targets & encourage a successful nationwide turn out. It is presenting a range of choices, containing meter financing, consultancy & installation under its E.ON Smart…
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