Cost of failed energy suppliers adding £34.36 to domestic electricity bills
The cost of energy supplier collapses over the last year has added £34.36 to domestic electricity bills for 2022-23, according to Cornwall Insight.
Articles tagged with: wholesale power prices
All capacity clears at maximum price of £75/kW/y in Capacity Market T-1 auction
As expected, the Capacity Market’s T-1 auction has entirely cleared in the first round at its highest ever price.
Labour calls for O&G windfall tax as Shell sees earnings jump 298% during ‘momentous’ 2021
The Labour Party has once again called for a windfall tax on north sea oil and gas producers as Shell releases financial results for “momentous” 2021.
Energy price cap raised by 54% as Treasury unveils suite of bill protections
As predicted, regulator Ofgem has raised the default tariff price cap by 54% hitting £1,971.
Energy price volatility to last until 2030 at least, warns Cornwall Insight
Volatility in the wholesale energy market is likely to last until at least 2030 unless significant changes are made to long-term energy strategies, according to Cornwall Insight.
Ofgem to announce new price cap on 3 February
Ofgem will announce the highly anticipated new level of the price cap on 3 February at 11am.
British public blame energy companies profiteering and Russian interference for energy crisis
The British public largely do not blame green levies for the increases to energy bills, a new study by the Energy and Climate Intelligence Unit (ECIU) has found.
12 more suppliers at risk of collapse as ‘winter of discontent’ continues, finds Price Bailey
There are 12 suppliers in the UK that are technically insolvent and therefore at risk of collapse, according to analysis from accountants Price Bailey.
Together Energy becomes first supplier to collapse in 2022 amidst continuing high power prices
Together Energy has become the first supplier to collapse in 2022, as power prices remain high.