Future Of British Business
UK’s So Energy Stops Looking for Extra Funding After Prices Fell
- So Energy stopped looking for new funding, co-founder says
- UK energy retailers benefit from lower prices and subsidies
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UK residential supplier So Energy stopped looking for extra funding to get through the winter after wholesale gas and power prices fell from peaks earlier this year.
It’s a sign that the UK’s efforts to ease the impact of soaring costs as well as lower market prices could help the country’s energy industry avoid the kind of widespread failure that forced more than two dozen suppliers out of business when prices soared last year.