Businesses want CRC scheme axed

mattBusiness Electricity, Business Gas, Energy Efficiency

45% of business energy customers say the government’s CRC scheme is just another name for tax A survey conducted for npower has found that nearly half of business energy customers believe the Carbon Reduction Commitment Energy Efficiency Scheme (CRC) is unnecessary, with over a quarter thinking it will not help the UK reach its carbon reduction targets. The CRC scheme … Read More

Price hike warnings will follow Ofgem review

mattBusiness Electricity, Business Gas, Utilities Market Regulation

Suppliers must now warn customers before raising prices, following Ofgem’s review of the energy industry. Last week Ofgem announced their completion of a review of the energy industry and promised some changes to the way suppliers operate. Following the announcements last week, Ofgem has published a review today requiring domestic energy suppliers to give a 30 day warning before raising … Read More

Budget 2011 introduces new carbon tax

adminBusiness Electricity, Business Gas, Utilities Market Regulation

The Chancellor, George Osborne announced yet another ‘carbon tax’ in yesterday’s budget, dubbed the ‘2011 budget for growth’. This means businesses and consumers can expect higher electricity bills, as carbon-emitting coal and gas-fired plants are taxed £3.2 billion over the next 5 years. Nuclear and renewable companies should see increased profits, as the tax is applied to the oil and … Read More

Ofgem crack down on energy suppliers

mattBusiness Electricity, Business Gas, Utilities Market Regulation

Energy industry regulator Ofgem has told energy firms to simplify their prices to avoid confusing their customers. The Office of Gas and Electricity Markets (Ofgem), the regulator for the energy industry, has told suppliers that their tariff structures are unnecessarily complex, which leave their customers “bamboozled”. The investigation came after suspicions that the big six UK energy suppliers (British Gas, … Read More

E.ON sells Central Networks to US firm

mattBusiness Electricity, Business Gas, Utilities Market Regulation

RWE E.ON has agreed to sell its UK electricity distribution company, Central Networks, to US firm PPL. The German-owned energy giant E.ON is selling Central Networks, the second largest distributor of electricity in the UK, to Pennsylvania Power and Light for £4bn. Central Networks operates an 80,000 mile power grid that delivers electricity to over 5 million customers in the … Read More