“The reality is most of the companies, if not all of them that have sadly failed, have done so because they were selling long-term energy contracts but buying short-term energy, and so when the wholesale cost rose, they weren’t able to deliver on the prices they promised or even on the price cap,” said Mr Jackson.
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US to ban Russian diamond and vodka imports
admin, , Business, 0
By removing this status from Russia, G7 countries will be able to target its exports with punitive tariffs, or...
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Ryanair boss O’Leary says the era of €10 flights is over
admin, , Business, 0
As airfares have become cheaper in recent decades, the number of flights taken has risen, with more people taking...
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Forget Frankfurt and Paris, says Barclays boss
admin, , Business, 0
“What the UK needs and London needs, is to make sure that the city is one of the best...
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Budget 2021: Millions will be worse off in 2022, says IFS
admin, , Business, 0
But Mr Johnson told BBC Radio 4’s Today programme: “What he’s done is use the pandemic as cover for...
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Liz Truss resists calls for earlier tax plans assessment
admin, , Business, 0
Some Tories believe publishing the forecast sooner would reassure markets following a turbulent week.
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Insurer cuts word ‘energetic’ from job ads to woo older applicants
admin, , Business, 0
The employment rate for people aged between 50 and 64 has been increasing steadily since the mid-1990s, and in...
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Economic outlook ‘unusually uncertain’ despite ‘rapid’ vaccine rollout
admin, , Business, 0
“The Bank of England is facing the same cross-currents. Since its previous meeting in February, most developments – notably...
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McDonald’s and Coca-Cola boycott calls grow over Russia
admin, , Business, 0
Thomas DiNapoli, comptroller of the New York state common retirement fund, wrote letters to the companies, according to Reuters...
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