Another small energy supplier – Extra Energy – has ceased trading, making it the sixth supplier to go out of business since the start of the year. The company had attracted just 108,000 domestic and 21,000 business customers. Energy regulator Ofgem said Extra customers’ supplies will continue as normal and any credit balances will be protected. A new supplier will be appointed by Ofgem and customers will be transferred directly.
BBC 21st Nov 2018 read more »
Centrica (CNA.L) owner of Britain’s largest energy supplier British Gas, said it is on track to meet its 2018 targets despite tough conditions in the sector and lower-than-expected nuclear power generation and oil output. “The company continues to expect to achieve its group targets for 2018 as set out in the preliminary results in February,” it said in a trading update on Thursday.
Reuters 22nd Nov 2018 read more »
Performance in the company’s nuclear segment had been impacted by extended inspections and outages at the Hunterston B and Dungeness B power stations, the company added.
Money AM 22nd Nov 2018 read more »