It was unclear this weekend whether the small supplier was in any talks about alternative means of continuing to fund itself that could preserve its future.
News of the latest prospective casualty comes amid warnings to ministers from industrial users of energy that they face a mounting crisis during the winter months. Ovo, which joined the ranks of the market's biggest players when it completed the takeover of SSE's retail customer base nearly two years ago, lodged a bid for Bulb with the backing of Mitsubishi, its biggest shareholder.
Source: News Formal (newsformal.com)
Once the smaller suppliers that people switch to have been shaken out of the market...and only the big players are left...prices will miraculously stabilise... For a while, at least.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Energy crisis: Tory MPs join Labour in urging support for heavy industryCalls come as households expected to be hit by massive bills after 250% rise in gas prices since January Fairly sure Britain has invented a few things before. Get your act together UK. Total disaster
Source: The Guardian - 🏆 84. / 53 Read more »
Factories face temporary closures within weeks over energy costs, industry warnsExclusive: Factories could have to slash production if energy costs remain elevated in the months ahead Incredible
Source: The Independent - 🏆 80. / 59 Read more »
Rishi Sunak facing billions in bailout plea as industry leaders warn he has DAYS to actRISHI SUNAK is facing billions in a bailout plea to cover soaring energy bills for the manufacturing industry in a bid to prevent a shutdown of factories across the UK this winter. Your elected leaders are hopelessly out of their depth. They had no idea what to do with the flu virus and they have no clue how to get themselves out of the mess they have created. Hats off to all the COVID nutters. You played these political clowns like the fools they are.
Source: Daily Express - 🏆 26. / 68 Read more »
Gas prices: Kwasi Kwarteng defends government handling of energy crisisSuppliers want to review the price cap on energy bills but he says keeping it is 'non-negotiable'. Shame on the government putting more ‘green’ taxes onto us.. climatecon Call me daft, but when the prices go up - who gets the extra bucks? even the nob dials on this machine have the expression 'dude why are gas prices so high!' LOL
Source: BBCNews - 🏆 3. / 97 Read more »
Energy crisis hits China: Factories close and cities hit by blackoutsCities have been plunged into darkness as blackouts hit China with factories either closed or forced to reduce their hours to just a couple a week after demand for energy soared as the economy reopened.
Source: Daily Mail Online - 🏆 135. / 51 Read more »
Energy crisis hits China: Factories close and cities hit by blackoutsCities have been plunged into darkness as blackouts hit China with factories either closed or forced to reduce their hours to just a couple a week after demand for energy soared as the economy reopened. Good.
Source: Daily Mail Online - 🏆 135. / 51 Read more »