Louisiana Light • 4 days | 71.80 | -0.18 | -0.25% | |||
Bonny Light • 3 days | 76.66 | +1.57 | +2.09% | |||
Opec Basket • 4 days | 78.31 | +0.00 | +0.00% | |||
Mars US • 38 days | 79.71 | -2.05 | -2.51% | |||
Gasoline • 10 mins | 2.043 | -0.007 | -0.35% |
Bonny Light • 3 days | 76.66 | +1.57 | +2.09% | |||
Girassol • 3 days | 76.37 | +1.23 | +1.64% | |||
Opec Basket • 4 days | 78.31 | +0.00 | +0.00% |
Peace Sour • 9 hours | 58.23 | +1.89 | +3.35% | |||
Light Sour Blend • 9 hours | 61.23 | +1.89 | +3.19% | |||
Syncrude Sweet Premium • 9 hours | 64.08 | +1.89 | +3.04% | |||
Central Alberta • 9 hours | 58.98 | +1.89 | +3.31% |
Eagle Ford • 4 days | 65.82 | -0.04 | -0.06% | |||
Oklahoma Sweet • 4 days | 66.25 | +0.00 | +0.00% | |||
Kansas Common • 5 days | 59.75 | -2.75 | -4.40% | |||
Buena Vista • 6 days | 78.44 | -0.72 | -0.91% |
Researchers have developed a new…
For the first time in…
City A.M
CityAM.com is the online presence of City A.M., London's first free daily business newspaper. Both platforms cover financial and business news as well as sport and…
Two more energy suppliers have gone bust, leaving 500,000 customers needing a new provider, amid record prices for electricity and gas.
Both Utility Point and People’s Energy have ceased trading, Ofgem has announced, the sixth and seventh energy companies to do so this year.
Bournemouth-based Utility Point provided power to 220,000 customers, while London’s People’s Energy had 350,000 customers.
The energy watchdog will now appoint a new supplier to take on the households after the market failures.
Last week PfP Energy and Moneyplus Energy both confirmed they were also ceasing to trade, leaving another 100,000 customers needing a new supplier.
The spate of failures comes amid a record spike in energy prices due to a combination of low wind power and global gas shortages.
The price hikes are expected to lead to household energy bills increasing until 2022, which could see yet more suppliers go out of business.
Neil Lawrence, director of retail at Ofgem, said: “Although the news that a supplier going out of business can be unsettling, Utility Point and People’s Energy customers do not need to worry. Under our safety net we’ll make sure your energy supplies continue.
ADVERTISEMENT
“If you are a domestic customer with credit on your Utility Point or People’s Energy account this is protected and you will not lose the money that is owed to you.”
By City AM
More Top Reads From Oilprice.com:
CityAM.com is the online presence of City A.M., London's first free daily business newspaper. Both platforms cover financial and business news as well as sport and…
Venezuela Orders “Immediate” Start of Oil Exploration in Disputed Territory
Crude Oil Tanks Nearly 4% as US Output Overshadows OPEC
Second Israel-Linked Vessel Seized in the Gulf of Aden
Saudi Arabia May Have Set the Price of Its Oil Too High
Saudis Ask U.S. for Restraint As Houthis Direct Missiles At Israel
ADVERTISEMENT
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com
Huge fans absolutely no doubt.