Cheap spot price electricity is a double-edged sword

Huge spikes in power prices do happen, and consumers signing up to deals straight off the wholesale electricity market need to know what they’re in for, writes Bob Weir. I left the electricity industry six years ago, rather disillusioned and mentally broken by it. I have little time for or allegiance to the large players. … Read more

Claims of electricity giants’ ‘rip-off’ as independent retailers face closure

Householders are losing out as ‘unjustified’ wholesale prices cause a wave of power company closures, a group of independent power retailers have told the Electricity Authority.  Four independent electricity retailers have laid a joint complaint with the sector’s market regulator over prices they say are “threatening the very existence of independent competition”. Industry sources said … Read more