Ofgem has appointed Centrica’s British Gas as the Supplier of Last Resort for collapsed utility People’s Energy.
Ofgem has revoked the electricity supply licence held by Nabuh Energy over unpaid debts.
The volatility in wholesale power prices due to exposure to global gas prices has demonstrated the need to diversify and decarbonise the UK’s domestic energy system.
The need to switch away from imported fossil fuels to domestic renewables has been thrown into the spotlight by new analysis from thinktank Ember.
EDF has been selected as the Supplier of Last Resort for Utility Point’s 220,000 domestic customers after the latter collapsed last week.
There has been “no decision” to break up the SSE Group the company has confirmed following media speculation.
Bulb is looking for new funding opportunities, as high gas prices continues to put a strain on British energy suppliers.
Energy secretary Kwasi Kwarteng is today (20 September) convening a roundtable on the way forward for the energy industry following high gas prices and supplier exits.
National Grid has confirmed that 1GW of interconnector capacity will be offline until 27 March 2022, turning to the North Sea Link to help plug the gap.