Doubling the UK’s onshore wind capacity by 2030 would reduce consumer bills by £16.3 billion over the course of the decade.
Supplier Omni Energy automatically switched customers to rival energy suppliers, after expressing concern that it is set to cease trading soon.
Shell Energy has been appointed as Supplier of Last Resort (SoLR) for Green Supplier Limited, which collapsed last week.
Ofgem has appointed Centrica’s British Gas as the Supplier of Last Resort for collapsed utility People’s Energy.
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.
EDF has been selected as the Supplier of Last Resort for Utility Point’s 220,000 domestic customers after the latter collapsed last week.
Bulb is looking for new funding opportunities, as high gas prices continues to put a strain on British energy suppliers.
EDF has become the first supplier to raise its energy prices, following Ofgem announcing an increase in the price cap at the beginning of this month.
Ofgem has confirmed that the default price cap will rise again in October, as energy prices hit record highs amid the world emerging from lockdown.