A life support system that will allow failed energy supplier Bulb to continue serving its 1.7 million customers through the winter could cost…
Continue ReadingAs threatened for weeks, renewable energy supplier and UK startup star Bulb has collapsed. It will enter an untested bailout process, which will rely on…
Continue ReadingStruggling Energy Suppliers Owe a Record £276m to Renewables Fund
Written by Lauren Smith in Energy Suppliers
37 energy suppliers failed to meet an early September deadline for paying into a scheme that supports renewable generation, leaving a record £276…
Continue ReadingOfgem to Review Energy Price Cap and Scrutinise Suppliers’ Business Models
Written by Lauren Smith in Energy Suppliers
Ofgem announced it will consult on the way the energy price cap is calculated, amid a surge in wholesale gas and electricity prices…
Continue ReadingOmni Energy Switched Unprofitable Customers Without Consent
Written by Lauren Smith in Energy Suppliers
A struggling energy supplier transferred thousands of unprofitable customers to rival companies without their express consent, as it attempted to avoid becoming the…
Continue ReadingOfgem Readies Special Administrator for Failed Major Supplier
Written by Lauren Smith in Energy Suppliers
Anticipating the collapse of a large supplier, energy regulator Ofgem has placed a City firm on standby to step in as a “special…
Continue ReadingBritish households face a collective bill of more than £820 million for rescuing the customers of energy companies that have collapsed in recent…
Continue ReadingFive Energy Suppliers Warned by Ofgem for Unpaid Green Taxes
Written by Lauren Smith in Energy Suppliers
Five energy suppliers have missed a deadline to pay into the feed-in tariff (FiT) scheme, suggesting financial difficulty that may foretell their failures.
Continue ReadingBritish Gas to Scoop Up Customers of People’s Energy, While EDF Will Take Utility Point’s
Written by Lauren Smith in Energy Suppliers
Two of the UK’s largest energy suppliers will take over the more than half a million households abandoned by the collapse of the…
Continue ReadingMajority of the UK’s Energy Suppliers Could Collapse This Winter
Written by Lauren Smith in Energy Suppliers
39 energy suppliers could collapse this winter amid a surge in wholesale gas prices, leaving just ten on the market, research conducted by…
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