Page 4 - Igloo Energy News Today

Households in Britain could face a 56 per cent rise in their energy bills from April after unprecedented wholesale costs force regulator Ofgem to lift the price cap

​The price cap could jump 46% for summer 2022, hitting approximately £1,865 as wholesale power prices remain high.

​From January, energy suppliers will need to undergo financial stress testing to prove their resilience in light of the cascade of supplier collapses in recent months.

Fuel poverty charity National Energy Action today said that the average household gas bill could increase by £467 from £466 a year in October last year to £944 in April next year.

Regulator Ofgem confirmed it would step in to help the Ipswich-based firms customers 11,700 customers to find a new energy provider after the company collapsed earlier today

​ScottishPower has been appointed as Supplier of Last Resort (SoLR) for Entice Energy and Orbit Energy’s combined 70,400 customers.

​Entice Energy and Orbit Energy have become the latest suppliers to collapse, marking ten in November alone.

The collapse of Bulb brings the number of failures to 20, while Scottish Power warns of even higher bills to come

Bulb, which supplies energy to around 1.7 million people, has been placed into special administration.

Bulb, which supplies energy to around 1.7 million people, has been placed into special administration.