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Kwarteng pressed on £1.3bn bill increase for Bulb rescue

Kwarteng pressed on £1.3bn bill increase for Bulb rescue

The Business, Energy and Industrial Strategy Committee has accused ministers of refusing to allow Bulb’s administrators to re-hedge prior to Russia’s invasion of Ukraine, exposing taxpayers to £1.3 billion of additional costs from the rescue of the failed supplier. The committee’s chair has written to business and energy secretary Kwasi Kwarteng to ask if the decision taken by ministers in his department or Treasury, and whether the advice of administrators was rejected.

3 years ago

Ofgem facing ‘Hobson’s choice’ over price cap changes

3 years ago

Call for mandatory smart meters in rented properties

3 years ago

E3G outlines plan to cut Russian gas imports by 80% this year

3 years ago

Ofgem to shorten price cap notice period

3 years ago

Ofgem approves third-party financing for SoLR costs

3 years ago

‘Belt and braces’ switching service prepares to launch

3 years ago

Energy UK warns industry cannot absorb crisis costs

3 years ago

Ofgem to issue market-wide derogation for retention tariffs

3 years ago

Monthly PPM bills forecast to peak at £428 next winter

3 years ago

Minor recovery for switching in February

3 years ago

British Gas ranked as worst supplier of last resort

3 years ago

More suppliers may go bust next winter, MPs warned

3 years ago

EU aims to slash Russian gas imports by two-thirds in 2022

The European Union has set out ambitious plans to cut its dependence on Russian gas imports to one third of their current levels in 2022. Meanwhile, business and energy secretary Kwasi Kwarteng has said ministers are exploring ways to reduce the UK’s reliance on gas imports from Russia whilst also announcing a ban on oil imports from the country by the end of this year.

3 years ago

Half of all energy meters are smart

3 years ago

Centrica boss calls for greater protection for credit balances

3 years ago

Ukraine crisis could push 2m households into fuel poverty

3 years ago

Energy suppliers ‘must up their game’ on customer service

3 years ago

Ombudsman says smart meter complaints are on the rise

3 years ago

Contingency arrangements approved for gas shipper exits

3 years ago

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