The UK’s energy supply sector is set to return to profits after five years of losses and two years of bankruptcies and hardship in the energy crisis, regulator Ofgem said on Tuesday but warned companies against splashing profits on dividends. The UK’s energy providers were decimated by the surge in wholesale natural gas prices at the end of 2021 and in 2022 when around 30 suppliers went bankrupt and exited the energy market.
The UK has a so-called Energy Price Cap in place, which protects households from high bills by capping…UK Energy Supply Sector To Return To Profits For First Time In Five Years
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