Fear of steep energy price rises in future

mattBusiness Electricity, Business Gas

Ofgem review of energy market predicts future prices are going only one way. The report, named ‘Project Discovery’, reviews a series of possible energy climate scenarios that the world could experience, and all four of the scenarios see a rise in price over the 10 years. The report claims that £200bn of investment is needed in the UK’s energy market … Read More

Energy suppliers face anger as EDF admits UK power costs more

adminBusiness Electricity, Business Gas, International

French-owned firm EDF Energy have been responding to criticism, as energy companies in the UK are hitting their customers with double-digit price rises. A government consumer watchdog has queried the difference in the price paid by French customers for their electricity against that charged to their UK counterparts. The difference in pricing has been estimated in official government figures as … Read More

‘Fix your energy prices now’ says well-known financial expert

adminBusiness Electricity, Business Gas

Following the recent hikes in energy prices, moneysavingexpert.com‘s Martin Lewis has advised consumers to ‘Cap now’ to avoid any further rises in the near future. The self-proclaimed advocate of “consumer revenge” has said that the other suppliers will all follow the lead of EDF Energy, who raised prices by around 20% at the start of last week. According to Mr. … Read More