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UK: NEO Energy completes Zennor Petroleum acquisition
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NEO Energy Completes Zennor Petroleum Buy
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More than 218,000 households could see energy bills rise by as much as £331 with 157 fixed deals coming to an end this month, new research has revealed.
With a number of plans expiring in the next two weeks, customers are reminded to switch their tariff before they are put onto a pricey default deal.
Rolling off fixed term deals onto default tariffs could collectively cost UK households an extra £61million a year, compared to their current energy costs, an average of £280 per home, the data from Compare the Market shows.
Customers on British Gas Energy and Boiler Cover May 2021v4 would see the potential biggest rise from £806.26 to £1,138.18 - an increase of £331.92.
11 May 2021 10:48 GMT Updated 11 May 2021 10:48 GMT
OPINION: Significant signs of life are returning to some of the traditional heartlands of offshore exploration and development.
The US Gulf of Mexico and the North Sea are beginning to hum with supply contracts being placed and assets changing hands.
Oil prices have surged gently upwards while wider business and economic sentiment has dramatically improved.
There is no hiding that 2020 was a disastrous year for the oil and gas sector, certainly in the US.
Some significant operators and supply companies plunged into financial crisis and bankruptcy proceedings.
Rising tide
Noble Corporation, Diamond Offshore and Valaris have just emerged from Chapter 11 with new board members and balance sheets.
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