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Russia’s Saudi Hiding to Preclude Oil Deal

Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman reportedly met to discuss a boost in oil production before Russia’s 5-0 hiding of Saudi Arabia in the opening game of the World Cup yesterday. The leaders of the two largest oil exporters discussed their petro-alliance and how they could continue to control oil…

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Wholesale energy prices update 08/06/18

Market volatility continued to shake markets last week as political events continued to influence prices. Sanctions on Iran and collapsing oil output in Venezuela were causes of concern as traders wait for news at the next OPEC summit on 22 June. Saudi Arabia and Russia continue to indicate that they will lift production limits. This…

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Business Energy Prices – May Roundup

Wholesale business energy prices continued on a steep upward trajectory in May, driven by geopolitical events that have spooked markets. On the domestic energy market, rising wholesale costs prompted SSE to join rivals and increase bills for household customers. Typical dual fuel customers will see their prices increase by around £76 a year from July….

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Wholesale energy prices update 25/05/18

The market volatility continued last week in response to ongoing and emerging political issues. Particularly, Trump’s unexpected cancellation of the North Korea summit and the ratcheting worries over Iran further troubled the market and pushed oil up to $80 a barrel, even in spite of an unexpected rise in American storage. Further into the week,…

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Utility Helpline Shortlisted for Consultancy of the Year

Utility Helpline has once again been shortlisted for Consultancy of the Year at The Energy Live Consultancy Awards (TELCA). The company will attend the awards ceremony on Thursday 28 June in London with some of the UK’s top third-party intermediaries, brokers, consultants and suppliers. Judges were impressed with Utility Helpline’s business practices, its reputation in…

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Wholesale energy prices update 18/05/18

Prices continued to rise last week as bad news continued to pile up. Oil prices hit a three-year peak as fallout from the United States’ decision to pull out of the Iran nuclear accord was compounded by rising international demand and falling output in Venezuela. These geopolitical concerns, along with a further fall in US…

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Wholesale Energy Prices Update 04/05/18

News about geopolitical tensions drove the market two weeks ago, with the world waiting for President Trump to make a decision about pulling out of the Iran nuclear accord. Oil prices saw an added risk premium while the world waited. Saudi Arabia continued to talk up oil prices with OPEC’s output down due to political problems…

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switching energy suppliers

Centrica loses 110,000 UK customers in 2018

The British Gas owner has had a rocky start to 2018 as it continued to shed customers in the first four months of the year. Demand was helped in February and March as the Beast from the East brought bitterly cold weather to the UK. A slowdown in customer switching also helped the nation’s biggest…

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Nuclear reactor cracks cause capacity concerns

Dozens of cracks discovered in the core of a nuclear reactor in Scotland have caused the plant to remain offline for additional safety checks. Electricity output from the Hunterston B nuclear power station could fall by 40% this year, but the North Ayrshire power plant’s director has insisted that the plant is still safe. EDF…

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Water deregulation one year on

England’s non-domestic water retail market opened in April last year, giving businesses the opportunity to choose their water and wastewater retailers for the first time. It’s the biggest competitive water market of its kind anywhere in the world, the market has experienced some teething problems and switching has been somewhat sluggish, but there is a…

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