Following the usual slow period over the festive season and “extraordinary disruption” from the Omicron variant of COVID-19, the installation of smart meters in Great Britain has picked back up.
Centrica’s adjusted profit has soared by 112%, jumping from £447 million to £948 million following the surge in oil and gas prices.
Yü Energy Retail Limited has been appointed to take on the customers of collapsed suppliers Whoop Energy and Xcel Power Limited.
Two more energy suppliers have collapsed, with Whoop Energy and Xcel Power Ltd leaving 536 customers to be absorbed by the Supplier of Last Resort (SoLR) mechanism.
Ofgem has brought in two new measures to help stabilise the supplier market in the wake of the slew of supplier collapses in 2021.
Tim Carter and Helen Martin from law firm Stevens & Bolton LLP take a look at the the challenges facing directors of small energy suppliers in coming months.
There are 12 suppliers in the UK that are technically insolvent and therefore at risk of collapse, according to analysis from accountants Price Bailey.
EDF has been appointed as Supplier of Last Resort (SoLR) for Zog Energy, the latest casualty of the energy crisis.
ScottishPower has been appointed as Supplier of Last Resort (SoLR) for Entice Energy and Orbit Energy’s combined 70,400 customers.