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iSupply Energy Ordered to Pay £1.5M for Price Cap Overcharging

iSupply Energy Limited, a contender energy supplier, is directed by the energy regulator Ofgem to pay £1.5M following findings that the company overcharged on default tariffs affecting around 4,400 of its customers. They were supposed to be protected by the fixed price cap.

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Ofgem’s New Price Control Framework Decision Has Been Published

Energy regulator Ofgem has released a new and more robust framework for the upcoming price control for electricity distribution. The next round of price controls saves customers money while lowering company returns.

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New Smart Meter Targets Set by Government may be Impossible to Achieve for Energy Firms

The UK Government originally planned to roll out smart meters to all homes by 2020, which was later pushed back another four years to 2024. However, management at UK Energy firms have expressed their concern regarding the attainability of that goal.

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Breeze Energy Goes Bust, British Gas Appointed to Take Over

Breeze Energy, an energy and gas supplier servicing 18,000 domestic clients, has recently ceased to trade.

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Scottish Power’s Ambitious Onshore Renewable Energy Plans Underway

Scottish Power is eyeing a significant expansion for its onshore wind farm developments all across Scotland, to supplement the government’s growing interest in wind power projects.

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Online Reuse Marketplace Aids Companies to Achieve Sustainability Goals and Cut Costs

Globechain, an online reuse marketplace, aims to be the solution to the corporate demand for waste reduction by providing a site that lists any unneeded or discarded items. It also gathers data on ESG impact, including environmental, social, and governance data.

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