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Has Your Business Electricity or Gas Supplier Gone Bust?

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Since the historic rise in energy prices across the UK the industry has lost no less than 12 Energy Suppliers.To date there are a total of 12 suppliers that have closed their doors leaving approximately 2.3 Million Customers without a supplier!Market Regulator Ofgem are providing a safety net, a regulatory backstop which will do two things, most importantly it ensures that these customers maintain a supply and secondly protects any outstanding credit balances, the energy watchdog will then choose who the accounts are transferred to.The table below lists the energy suppliers that have ceased to trade, the date, number of…

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Electricity Base Rates Have Increased by Nearly 100% Over The Last 12 Months!

We saw a decrease in the demand for fuel after the first lockdown happened and as a result, prices were at an all-time low. Prices are steadily increasing but there seems to be a number of different reasons for it. Recently, gas prices have been increasing because of an increase in demand and the effects of the meltdown last year. A reduction in electricity supply combined with an increase in gas prices has led to a higher price for wholesale electricity. The base rate for electricity alone has increased nearly 2-fold in the United Kingdom and is expected to continue.*source: www.theice.comThe…

Continue ReadingElectricity Base Rates Have Increased by Nearly 100% Over The Last 12 Months!