Energy crisis: Government sets aside £1.7bn to save ‘too-big-to-fail’ supplier Bulb November 25, 2021 Nearly £1.7bn is set aside by the government to allow Bulb to continue supplying energy to its customers as it tumbled into administration. In court on Wednesday, the company was put into special administration, which will allow it to continue to trade for the time being. The £1.69bn loan will be set aside by Government [...]
Sequoia swoops in to switch administrator of Bulb’s parent company November 24, 2021 Sequoia dramatically switched the administrators of Bulb's parent company as it looks to reclaim £55m owed by the doomed energy supplier.
Deutsche Boerse announces hydrogen index plans amid push for greener economies November 24, 2021 Deutsche Boerse reveals plans to create a hydrogen index as economies push to go greener and reach carbon net zero targets.
Together Energy rushes to secure more funding as energy crisis deepens November 24, 2021 A council-backed supplier is working with Avro Energy’s administrators to secure new funds amid a deepening industry crisis.
Oil prices recover to week-high totals despite US commitment to releasing 50m barrels November 23, 2021 Oil prices have rebounded towards $81 on both benchmarks yesterday despite US plans to release 50m barrels of oil from the Strategic Petroleum Reserve.
Shell holds talks with investors to push through London HQ move November 23, 2021 Royal Dutch Shell is talking with investors yesterday as it looks to relocate its HQ from the Netherlands to UK.
Energy cap backlash gets louder as MP who called for measure says it has ‘completely failed’ November 23, 2021 The energy price cap has “completely failed” says John Penrose, the Conservative MP who first called for a consumer tariff in parliament.
Telecom Plus: Shares soar despite decline in profits in crisis-hit industry November 23, 2021 Shares in Telecom Plus have rocketed 11.57 per cent despite falling profits amid expectations of a 10 per cent growth in customers.
Ofgem terminates energy competition probe after PayPoint agrees to cough up £12.5m November 23, 2021 Energy regulator Ofgem has formally accepted commitments from PayPoint to change its ways following an investigation into whether the firm breached competition laws. PayPoint will also hand over £12.5m to the regulator and remove exclusivity clauses from its contracts with energy suppliers for pre-pay customers, who top up their meters using the company’s services. The [...]
British Gas takes on customers from collapsed energy firms as price crisis deepens November 22, 2021 British Gas has swooped in to supply stranded customers from collapsed firms Neon Reef and Social Energy as the energy price crisis deepens.