The UK’s burgeoning independent energy supply market is braced for a heavy hit as rocketing market prices make it harder for the smaller companies to compete against larger energy rivals. This summer energy markets have shown their steepest climbs in half a decade, which is already putting pressure on smaller companies to raise their prices while big six suppliers are able to delay price hikes, which are often responsible for an exodus of customers. In recent years the big six energy suppliers have lost market share to a rising breed of independent companies which typically rely on the wholesale energy markets to secure supply rather than producing their own gas and power by owning expensive production assets.
Telegraph 25th Aug 2016 read more »