Energy Suppliers

News and Information from the UK’s energy suppliers.

Nuclear power plant project scrapped by Finland following the conflict between Russia and Ukraine

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The Fennovoima nuclear power plant was to be built by Russia, but it has now been cancelled because of delays and increased risks in Ukraine. The controversial energy project was abandoned following reports if not only delays, but also increased risks due to the war happening nearby.    After the conflict between Russia and Ukraine, …

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Lower Energy Bills In the UK Could Come After LNG Glut

Lower Energy Bills In the UK Could Come After LNG Glut

Limited capacity to pipe gas to Europe and increased import volumes could drive down energy prices in the UK. After record wholesale gas prices swept across Europe, prices have fallen dramatically after an unprecedented surplus of liquefied natural gas.  This has raised the chances of lower energy bills for the UK this autumn. A strong …

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Can more frequent changes to energy price cap solve the crisis?

Can more frequent changes to energy price cap solve the crisis?

The energy price cap, introduced by Ofgem in January 2019 to prevent energy suppliers from charging customers too much for their energy supply, is the maximum amount that a supplier can charge for an average energy consumption. The price cap, therefore, determines gas and electricity prices for 22 million households across the country.   As Sky …

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Scottish Power warn of a £900 increase to Energy Bills in October

Scottish Power warn of a £900 increase to Energy Bills in October

Scottish Power, one of the country’s largest energy providers has warned that yearly bills could jump by more than £900 this year, and has urged the government to join emergency discussions to address the “crisis” of growing electricity and gas prices.  ScottishPower predicted that the UK’s energy price cap will rise by around 47% to …

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The energy price cap might rise by another £900

The energy price cap might rise by another £900

In recent months, the energy price cap in the UK rose by 54%, taking the average household energy bill to £1,971 a year. Keith Anderson, the chief executive of ScottishPower, warns that there could be another increase, as high as additional £900 this winter. If that happened, this amount would increase to £2,900.   In a …

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Bulb Energy going into special administration: What will happen with their customers?

Bulb Energy, which has 1.7 million customers, has announced that the firm will be put into special administration. With the ongoing energy crisis and the record high gas prices, many providers are struggling to continue providing their services as it becomes financially unsustainable for them to keep on working. Twenty-two energy companies have already gone …

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Utility Warehouse to pay £1.5m for failings around customers in debt

Energy supplier Utility Warehouse has agreed to pay £1.5 million after being accused of failing to treat some of its customers fairly and not supporting those facing hardship. This has been concluded by the energy regulator Ofgem following an audit report from 2018. How did Utility Warehouse fail to fairly treat its customers?According to the …

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Energy Firms Calling For Price Cap To Be Scrapped

Energy Firms Calling For Price Cap To Be Scrapped

Energy bosses in the UK have called for the price cap to be scrapped in order to protect households from an upcoming ‘horrific’ winter. The biggest UK energy suppliers have voiced their concerns, requesting a new system to be put into place and the price cap to be abolished.  These unprecedented measures come after record …

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British Gas Customers Unable to View Their Usage for Months due to ‘Glitch’

British Gas Customers Unable to View Their Usage for Months due to ‘Glitch’

A technical ‘glitch’ has meant that millions of smart-meter credit customers have not been able to access their smart meter readings for over 2 months now.   During this period, bills have skyrocketed, with Ofgem’s price cap climbing to £1,971 at the start of April, which is an over 50% rise in bills.   According to the …

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