Scottish Hydro Electric and 2 other power grid firms have been fined by Ofgem. The three companies include two major players: Scottish Hydro-Electric Power Distribution (owned by SSE), Central Networks (owned by E.ON) and a third smaller firm, Electricity North West. The fines are for failure to connect customers to the national energy grid within the compulsory 3 month deadline.
The Energy and Climate Change Committee has warned of another possible dash for gas in a report published last week. The parliamentary committee has targeted the UK coalition government’s National Policy Statements (NPSs), designed to speed up the planning process for energy projects. The report warns that the NPSs could in fact reduce investment in renewable and low carbon energy … Read More
German owned supplier E.ON UK has raised its domestic energy tariffs. The new price tariffs are expected to affect around 4 million people, and will come into effect from 4 February. RWE E.ON announced that its domestic customers will see a 9% increase in electricity prices, and a 3% rise in gas prices.
The Department for Energy and Climate Change (DECC) has said the UK is unlikely to hit the 10% energy from renewable resources target this year. The government is under fire following a report from the DECC saying the UK is not on course in its push for energy from renewable resources. The government had previously set a target of 10% … Read More
Energy industry regulator Ofgem is to launch an enquiry sparked by suppliers’ rising profit margins The big six UK energy suppliers could be faced with the prospect of multi-million pound fines if they are found guilty of misconduct by the office of gas and electricity markets (Ofgem). The enquiry takes into account recent energy price rises by the big six … Read More
British Gas and ScottishPower up prices, while EDF commit to freezing at current rates this winter. In October, when SSE announced a 9.4% price rise, it was expected that other suppliers would follow suit. British Gas has announced a rise of 7% for domestic electricity and gas tariffs, while ScottishPower have just increased an average increase of 8.9% for electricity … Read More
Scottish and Southern Energy has announced a 9.4% increase in household gas prices. The second largest supplier in the UK, SSE has cited a 25% increase in wholesale gas prices as the reason for the increase. SSE’s announcement comes just a month before the increase in VAT to 20%, with its new higher prices to come in to effect on … Read More
Today has seen the grand opening of the World’s largest offshore wind farm off Thanet, Kent. The UK is now set to become the biggest generator of wind generated energy in the world. The amount of energy generated by wind in the UK is now expected to rise to 1,300MW compared to 1,100MW in the rest of the entire world. … Read More
British Gas profits show a 98% rise in first half of 2010 Centrica have announced that British Gas made operating profits of £585 million for the first half of the year. Centrica, parent company of British Gas also released their profit increase of 65% to £1.56 billion Being Britain’s largest domestic energy supplier, supplying power to half of UK households … Read More
British Telecom launches a bid to be included in the Smart Meter roll-out The UK Government have set a target of rolling out smart meters – energy meters which will enable suppliers to take meter readings via a wireless network – to every home in the UK by 2020. This is a plan that is estimated to cost over £7 … Read More