Soaring energy costs have put five small firms out of business in recent weeks. Here’s everything you need to know
The energy regulator Ofgem’s price cap will rise by 12% to £1,277 a year for average use on 1 October.The energy regulator Ofgem’s price cap will rise by 12% to £1,277 a year for average use on 1 October.Five energy firms have gone bust in past two weeks, and with suppliers already likening recent events to the 2008 financial crisis, households could be in for a choppy ride.It looks as though they are only going only one way – and that is up.
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