The number of domestic energy suppliers has fallen by over half from 47 to 25 since the start of 2021.
Concerns over pricing as GB heads into the colder months are rising following numerous power price records being broken yesterday (9 September).
In January, EDF was paid more in three days than it did in Q3 2020, as low winds and cold temperatures pushing National Grid ESO’s ability to balance the system.
The volatility in the energy market has continued this week, with National Grid ESO issuing another Electricity Market Notice (EMN) while day ahead prices just to almost £1,500/MWh.
The imbalance price reached a high of £4,000/MWh on Friday evening, capping off a dramatic week in the energy market.