Bizz Energy goes into administration

mattBusiness Electricity

Another of Britain’s leading independent energy suppliers has gone out of business due to rising wholesale costs in the electricity market. The Worcester based energy supplier has fallen into administrative receivership after struggling to refinance debts. BizzEnergy is the latest victim of rising wholesale energy costs, and is a huge blow to the independent sector, which saw E4B go bust … Read More

Electricity 4 Business goes into administration

mattBusiness Electricity

Ofgem has announced that British Gas will take on the business electricity supplier’s 40,000 customers. The electricity supplies have been placed on out-of-contract “deemed” rates with immediate effect. Customers can now choose to agree a fixed price with British Gas, or sign a contract with another supplier. British Gas Business (BGB), part of Centrica, took over as “supplier of last … Read More

Energy suppliers face anger as EDF admits UK power costs more

adminBusiness Electricity, Business Gas, International

French-owned firm EDF Energy have been responding to criticism, as energy companies in the UK are hitting their customers with double-digit price rises. A government consumer watchdog has queried the difference in the price paid by French customers for their electricity against that charged to their UK counterparts. The difference in pricing has been estimated in official government figures as … Read More

‘Fix your energy prices now’ says well-known financial expert

adminBusiness Electricity, Business Gas

Following the recent hikes in energy prices, moneysavingexpert.com‘s Martin Lewis has advised consumers to ‘Cap now’ to avoid any further rises in the near future. The self-proclaimed advocate of “consumer revenge” has said that the other suppliers will all follow the lead of EDF Energy, who raised prices by around 20% at the start of last week. According to Mr. … Read More