Concerns about the possible impact of the UK’s Brexit on the energy industry were aired by several institutions, including the trade association Energy UK and Durham Energy Institute (DEI).
GnERGY Ltd, one of UK’s small energy suppliers, ceases to trade after struggling to pay the UK regulator Ofgem’s Renewable Obligation buyout fund.
The UK Government has announced its deal with all domestic energy suppliers relating to emergency measures to protect at-risk customers during the novel coronavirus pandemic.
One of the UK’s Big Six energy provider British Gas has recently launched the cheapest deal among the largest suppliers in more than three years. The offer comes amid the continued energy price cuts in the current market.
One of the UK’s Big Six energy supplier EDF Energy has recently acquired busted Swedish energy provider iSupply, just a few months after its buyout of failed energy challenger Toto Energy last October 2019.
The world has recently experienced a sharp decline in oil prices following a demand disturbance prompted by the Chinese coronavirus outbreak. This issue has caused the benchmark Brent crude to fall 20% at a certain point this February. On the other hand, oil prices are slowly starting to stabilise with a 10% increase from its low-to-trade $59 per barrel as of late.