Energy crisis: Avro Energy collapsed owing £90m to customers November 21, 2021 Avro Energy owed £90m to customers when it collapsed according to its adminsitrators.
Google searches for ‘energy bill help’ soar three thousand per cent after two more firms go bust November 19, 2021 Google searches for ‘energy bill help’ exploded over three thousand percent in the UK on the same day two more energy suppliers collapsed.
Two more energy firms collapse amid soaring wholesale prices November 16, 2021 Neon Energy and Social Energy Supply have ceased trading, leaving 35,000 stranded customers in need of rescue from Ofgem. Skyrocketing wholesale prices have now caused 21 firms to collapse since September. The energy crisis has caused the number of suppliers UK market to halve as firms struggle to make up the costs. Neon Energy is [...]
Fuel crisis continues as diesel hits record 150p milestone at the pumps November 15, 2021 The average price of diesel is more than £1.50 a litre for the first time ever, according RAC’s Fuel Watch data. Diesel prices rose to 150.50p during the weekend, while unleaded petrol soared to 146.53p, with motorists suffering record charges at the pumps for three consecutive weeks. The cost of filling up a 55-litre petrol [...]
Exclusive: En+ chairman and former minister Lord Barker warns ‘don’t expect a big bang’ from COP26 November 14, 2021 Many eyes were on Lord Gregory Barker of Battle earlier this week, as ‘his’ global energy giant En+ was at the heart of COP26’s complex ecosystem of executives, government reps, lobbyists, NGOs and activists in Glasgow. Lord Barker was appointed independent chairman of the En+ Group board of directors in October 2017, just before the company’s [...]
Fuel Power: Ministers could gain control of downstream oil amid petrol price crisis November 12, 2021 A cross-party group of MPs has conditionally backed a government bill giving ministers control over the downstream oil industry. The Business, Energy and Industrial Strategy (BEIS) committee has lent its support to government plans allowing ministers to take control of importing, storing and supplying petroleum products in the UK. Powers include the right to request [...]
Belarus threatens to cut off Europe’s gas supplies November 11, 2021 The energy supply crisis has moved from crisis to crisis and tyrant to tyrant after Alexander Lukashenko threatened to cut gas into Europe via Belarus, if the EU imposes further sanctions on his country for its treatment of migrants. The threat was enough for prices to rise again following a brief reprieve earlier this week [...]
Zebra Power enters administration November 10, 2021 Zebra Power (Zebra) has entered administration, appointing PwC to guide the process. The energy retailer supplied gas and electricity to approximately 15,000 domestic consumers before it ceased trading earlier this month. Its stranded customers have been designated by Ofgem to British Gas through its supplier of last resort process. The company is headquartered in Manchester [...]
Utility Warehouse pays £1.5m to Ofgem fund after failing customers in debt November 10, 2021 Utility Warehouse has agreed to pay £1.5m for treating some of its customers unfairly, and increasing their financial distress. The money will go into Ofgem’s voluntary redress fund, which supports vulnerable customers and finances innovation in the sector. The energy supplier has accepted it failed to consistently provide debt repayment plans to struggling customers from [...]
Rolls-Royce gets £195m funding for reactor plan November 9, 2021 Rolls-Royce’s share price rocketed by as much as five per cent on Tuesday after the engineering company secured £195m in private funding for a small-scale nuclear reactor project in the UK. Shares in the jet engine maker closed up 3.6 per cent at 146p by close of play, also buoyed by the return of leisure [...]