Today news
About the same in other media
Ofgem must show it is awake as energy sector faces winter nightmare
Reading now: 953
“We are in danger of just sleepwalking into an absolute massacre,” Keith Anderson, the chief executive of Scottish Power, said dramatically this week, referring to the number of energy suppliers that could go bust before next spring.
His prediction is credible because a critical ingredient in an energy price crisis, from the point of the view of retail suppliers, is how long it lasts. Customers’ fixed-price deals come to an end as time passes and new arrangements have to be made, backed by purchase agreements and hedging contracts.
Since regulator Ofgem’s default tariff – an average £1,277 for a dual-fuel household – is now the cheapest deal on the market, suppliers are locking in losses because they cannot buy energy that cheaply. Wholesale
Read more on theguardian.comAbout this in other media
SEC Commissioner: DeFi must address transparency and pseudonymity cointelegraph.com /2 years ago
Polkadot, Cardano and HUH Token: 4 Must-Know Tips For Investing In Cryptocurrency cryptonews.com /2 years ago
Centre likely to move modified cryptocurrency bill at start of Parliament's Winter Session moneycontrol.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
