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Showing posts from November, 2021

The Dirty Dozen

  Before this current crisis of energy suppliers going bust there were around 80 in the UK. The word on the street is that this crisis is not yet over, but once it is, we many only have around twelve suppliers left in the marketplace. It’s a staggering change, and will be a new world order. The ones remaining will be those that were more risk averse and/or of a bigger size. It really depended on whether these companies were set up for the long haul and therefore not so susceptible to changing market conditions. How these companies bought their energy, trading in the energy markets, was one component of their downfall. Being a smaller company with ambitions to grow quickly by borrowing too much is another factor. Without any kind of buffer to guard against tough times, they were always at risk to the elements. And how does this affect the market, as a consumer of energy whether for the home or business. It seems likely we need to be braced for tough times ahead. The cost...