Struggling household energy suppliers have been thrown a financial lifeline by a key player in the market, reducing the risk that taxpayer bailouts will be needed in a boost for Rishi Sunak. Elexon, which manages the electricity trades that keep Britain’s lights on, has significantly cut the size of the deposits it requires suppliers to offer for power plants when they order electricity in advance. The reduction was triggered by a sharp fall in gas prices owing to high storage … read more »
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