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2 more energy suppliers cease to trade.

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By *hagTonight OP   Man
over a year ago

From the land of haribos.

It comes as 2 more companies, avro energy and green go bust amid warning more to come, the reason is cos gas prices is going up.

It means 1.5 million people are now facing a switch to a new, more expensive firm.

All affected customers will continue to receive energy while a new supplier is appointed by regulator ofgem. Its price cap limits how much firms can charge.

Ofgems boss earlier warned the rise in gas prices was "unprecedented".

How come the prices are going up for the gas and how will this end as more and more companies cant make it?

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By *ercuryMan
over a year ago

Grantham

In simple terms, less production and greater demand as world economies open back up.

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By *handlerMonicaCouple
over a year ago

Leicester

The Government imposed price cap means that companies are legally obliged to sell to customers at a loss, so no real surprise that so many smaller suppliers are failing, as they don't have deep enough pockets to ride this out

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By *ob198XaMan
over a year ago

teleford

I doubt the surviving companies are happy they are having these large number of loss making customers dumped upon them. The price cap mechanism isn’t fit for purpose. We are all going to be paying a lot more for our energy needs.

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By *hagTonight OP   Man
over a year ago

From the land of haribos.

That means that there are not so many cheap options left available for the customers, which is not good as it is good with competition from the companies.

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By (user no longer on site)
over a year ago

Yep this is me been with avro for yrs been brilliant but see what comes up for me it's more about the standing charge than the cost of the energy as never in so not a massive user.

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By (user no longer on site)
over a year ago


"It comes as 2 more companies, avro energy and green go bust amid warning more to come, the reason is cos gas prices is going up.

It means 1.5 million people are now facing a switch to a new, more expensive firm.

All affected customers will continue to receive energy while a new supplier is appointed by regulator ofgem. Its price cap limits how much firms can charge.

Ofgems boss earlier warned the rise in gas prices was "unprecedented".

How come the prices are going up for the gas and how will this end as more and more companies cant make it?"

Why did the government close 70% of our storage facilities in 2017?

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By *ercuryMan
over a year ago

Grantham


"It comes as 2 more companies, avro energy and green go bust amid warning more to come, the reason is cos gas prices is going up.

It means 1.5 million people are now facing a switch to a new, more expensive firm.

All affected customers will continue to receive energy while a new supplier is appointed by regulator ofgem. Its price cap limits how much firms can charge.

Ofgems boss earlier warned the rise in gas prices was "unprecedented".

How come the prices are going up for the gas and how will this end as more and more companies cant make it?

Why did the government close 70% of our storage facilities in 2017? "

Centrica closed the huge Rough gas storage facility in 2017, citing safety concerns.

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By (user no longer on site)
over a year ago


"It comes as 2 more companies, avro energy and green go bust amid warning more to come, the reason is cos gas prices is going up.

It means 1.5 million people are now facing a switch to a new, more expensive firm.

All affected customers will continue to receive energy while a new supplier is appointed by regulator ofgem. Its price cap limits how much firms can charge.

Ofgems boss earlier warned the rise in gas prices was "unprecedented".

How come the prices are going up for the gas and how will this end as more and more companies cant make it?

Why did the government close 70% of our storage facilities in 2017?

Centrica closed the huge Rough gas storage facility in 2017, citing safety concerns. "

Was that the only storage facility closed?

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By (user no longer on site)
over a year ago


"It comes as 2 more companies, avro energy and green go bust amid warning more to come, the reason is cos gas prices is going up.

It means 1.5 million people are now facing a switch to a new, more expensive firm.

All affected customers will continue to receive energy while a new supplier is appointed by regulator ofgem. Its price cap limits how much firms can charge.

Ofgems boss earlier warned the rise in gas prices was "unprecedented".

How come the prices are going up for the gas and how will this end as more and more companies cant make it?

Why did the government close 70% of our storage facilities in 2017?

Centrica closed the huge Rough gas storage

facility in 2017, citing safety concerns. "

https://www.google.co.uk/amp/s/amp.theguardian.com/business/2017/jun/20/uk-gas-storage-prices-rough-british-gas-centrica

The current problems were predicted in 2017

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