The surge in wholesale energy costs has claimed yet another supplier—this time Belfast-based Bright Energy, which offered renewable electricity to households in Northern…
Continue ReadingBritish gas has agreed to take on the business of collapsed provider Together Energy, a total of 176,000 customers.
Continue ReadingGas and electricity supplier Together Energy has been forced to cease trading amidst the ongoing energy crisis. The collapse of the company, which…
Continue ReadingMillions of households will face a further punishing hike in their gas and electricity bills in October, with the latest projections suggesting the…
Continue ReadingCentrica Boss Warns That High Energy Prices Could Last For Two Years
Written by Michael Quinn in Energy Suppliers
Centrica chief executive Chris O’Shea has warned that customers could be facing sky high energy bills for years to come. Speaking with the…
Continue ReadingLow Wind Speeds and ‘Stratospheric’ Gas Prices Hit Good Energy’s Profits
Written by Lauren Smith in Energy Suppliers
Continuing low wind speeds in December will lower the profits of Good Energy by £3 million, the renewable energy supplier and generator said.
Continue ReadingGas prices reach new heights amidst tensions with Russia
Written by Michael Quinn in Energy Suppliers
Gas prices are expected to reach record levels as Europe’s standoff with Russia over the Nord Stream 2 pipeline continues. If approved, Nord…
Continue ReadingEnergy Suppliers to Face New Stress Tests After Cascade of Failures
Written by Lauren Smith in Energy Suppliers
From January energy suppliers will face a series of financial stress tests, as Ofgem moves to shore up a sector rocked by dozens…
Continue ReadingNorthern Ireland energy supplier Firmus has announced that its customers in Belfast will see their heating bills rise by a typical £2.75 per…
Continue ReadingNew Investment Boosts Value of Octopus Energy to £3.7bn
Written by Lauren Smith in Energy Suppliers Renewable Energy
A US$300 million investment from the Canada Pension Plan (CPP) Investment Board will allow British company Octopus to expand its Kraken platform and…
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