The energy price cap could reach nearly £3,000 in the Britain at the beginning of October, with the planned increase possibly being more than £1,000 according to a new forecast.
It is expected to rise to £2,980.63 for the next period, which runs between October and December, after another spike...
The typical household energy bill is set to rise by about £800 a year in October, the energy regulator warns.
Ofgem boss Jonathan Brearley said the energy price cap, which limits how much providers can raise prices, is expected to increase to £2,800 a year, due to continued volatility in gas...
Household energy bills could top £3,000 a year in England, Wales and Scotland from October, in part due to the Ukraine crisis, a report has warned.
The bank Investec said the conflict, along with surging global demand, had made gas and electricity prices soar.
It expects the energy price cap...
Bulb Energy has gone bust and will be placed into an untested “special administration” process to manage the fallout of the biggest energy supply collapse on record.
The energy regulator drew up plans over the weekend to put the company into a process designed to protect Bulb’s 1.7 million...
"A City firm has been put on standby to take control of a large energy company amid fears that one could collapse soon, overwhelming the existing safety net put in place by the regulator, Ofgem.
The management consulting company Teneo is understood to have held talks with the regulator about...
"wholesale prices for gas had increased by 250% since January - with a 70% rise since August"
I don't think BJ saw a price increase like that coming
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UK food supplies will be under threat long before Christmas, and could start affecting stocks within days, if carbon dioxide shortages continue, the boss of the Iceland supermarket chain has warned.
While concerns have been raised about how CO2 shortages might harm Christmas food supplies as...
Industry group Oil & Gas UK said wholesale prices for gas had increased by 250% since January - with a 70% rise since August.
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UK energy supplier Bulb in talks to secure new funding
The UK’s sixth largest energy company, Bulb, is seeking a bailout to stay afloat amid surging wholesale gas prices.
The company, with 1.7m customers, is working with the investment bank Lazard to try to shore up its balance sheet.
Sent...
"John Redwood
(@johnredwood)
Price controls do not work. Energy bills will go up despite them. Taxpayers will have to help bail out companies damaged by them.
September 20, 2021"
Thanks, John. (Tory MP)
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CO2 is used in various ways across various industries as a by product when gas is being burnt.
Nuclear power, hospitals and killing animals in a humane way are some of those uses.
Now a shortage in those sectors would be devastating
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