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Originally Posted by Hugh
Pretty sure that the customers didn’t set up the business model, or decide the prices…
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The Government did, via the regulator.
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As a result of a cap limiting what companies can charge their customers, some businesses have been forced to sell energy for less than they bought it for.
Bigger companies tend to buy their gas further in advance, helping them avoid large hits from the price spike. However smaller firms that are less able to do that have come under pressure.
Since the beginning of September, 22 energy suppliers have failed following a spike in gas prices.
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