The UK government is set to make ยฃ1.2 billion ($1.4 billion) from a short position it took in power and natural gas markets after seizing control of collapsed supplier Bulb Energy last year.
The UKโs sale of Bulb Energy to Octopus Energy faces further delays as rivals plan to challenge the UK governmentโs decision in court, according to lawyers for the bust supplierโs administrators.
UK taxpayers could face billions of pounds in costs if the government ends up nationalising a unit of Gazprom PJSC that supplies about a fifth of the countryโs commercial gas.
Energy firms are sometimes keeping customers on hold for more than half an hour before they can get through - and around a fifth typically take over 10 minutes to pick up, according to Which?
The UK's largest renewable energy supplier, Bulb, is set to expand into France, Spain and Texas in the United States, according to the company's co-founder and chief executive.