Question

State two reasons for the crumbling of the big six suppliers of electricity in great britain

Answer 1

Answer:

Crumbling of Big six in Great Britain:

Explanation:

The reasons for the crumbling of Big Six suppliers of electricity in Great Britain are as follows:

1. The rising number of independent energy suppliers were becoming competitors for the Big Six. These independent energy suppliers did not generate their own electricity instead they purchased it from wholesale markets.
2. The regulations have been made tougher by the government on the aspects of supplying electricity and also has raised the price caps designed in order to restraint the dominance of the Big six.

Answer 2

Answer:

Competitive market or competition with other suppliers and low tariff are the two main reasons for the crumbling of the big six suppliers of electricity in Great Britain. According to the Elexon data, from March 2016 to June 2017, suppliers lost more than 1.22 million electricity customers and now there are more than hundred suppliers available in the market to provide better connectivity at low cost.