Addressing mounting fears over the impact of wholesale power price spikes on energy retailers back in September, Kwasi Kwarteng was sanguine. “It is not unusual for smaller energy suppliers to exit the market”, the energy secretary told the Commons. However, what we have seen heading into this winter is anything…
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Weston’s MP has said that a spike in energy prices could not have come at a worse time following the Covid pandemic and has pledged to push for a more affordable energy price cap to help reduce fuel poverty. As part of its #ThereWithYouThisWinter campaign, the Mercury recently published figures from…
Read More The MP who led the charge for the energy price cap has called for further reform of the mechanism to tackle the so-called loyalty penalty. John Penrose, delivering the annual Beesley Lecture, hosted by the Institute of Economic Affairs today (7 October), implored Ofgem to ape rules introduced by the…
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Beleaguered energy secretary Kwasi Kwarteng won the support of Britain’s power bosses today, reassuring them that vulnerable consumers would be continue to be protected, as he warned that more suppliers are set to quit UK retailing. Speaking at EnergyUK’s annual conference, the minister repeated his three principles to overcome Britain’s crisis,…
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