The energy giant is the fourth of the ‘Big Six’ energy providers to announce a price rise this winter. It follows the announcements already made in recent weeks by by Scottish & Southern (SSE) and British Gas and Npower. ScottishPower is to raise its domestic energy prices on December 6, with an average increase of 8.6%.
Three of the Big Six have now announced winter price increases of between 8 and 11 per cent. Npower and British Gas have joined SSE and Co-op on the list of energy companies that have already announced price hikes this winter. Both suppliers blamed the hikes on higher prices on the global energy markets, higher costs of transmission, and increases … Read More
The energy supplier’s price rise will affect 7 million domestic customers, and signals price rises for businesses too. The increase will be around 8.2%, and come into effect on November 15. In the South East, customers will see hikes as high as 9.7% while in the North and southern Scotland people will face a smaller 7% rise.
None of the six major energy suppliers will continue to roll business customers into new contracts without their explicit consent. The “Big Six” all promised to stop the tactic, although they are essentially only pre-empting new rules being put in place by Ofgem, the energy regulator, as part of their ongoing Retail Market Review. We recently reported that three of … Read More
Scottish & Southern Energy have become the third major energy supplier to announce an end to automatic contract rollovers for businesses. They join British Gas and E.ON Energy UK, with half of the Big Six now stating their commitment to not automatically locking customers in at the end of their fixed term if they don’t terminate their contract within a … Read More
Shale gas is an environmental and political hot potato. This article studies how the country’s feelings towards shale gas have evolved. It’s probably the hottest topic in energy at the moment – ‘fracking’ for shale gas. As with any new source of energy, it has drawn protests from hard left groups at exploratory drilling sites and the HQ of energy … Read More
Fracking for shale gas will cut energy bills, create jobs, and pump money into local communities, the Prime Minister has stated. In an article published in The Telegraph on Sunday, David Cameron waded into the national debate on fracking for shale gas, saying it’s one he is “determined to win”. In it he claims that fracking is safe, and has … Read More
Figures released by the Labour party last week show that the largest energy suppliers have notched up £3.3 billion in profits since the Conservative-led Coalition came into power. The combined profits of E.ON, EDF Energy, ScottishPower, British Gas, Scottish & Southern and Npower have gone up 73% in the last three years, according to Shadow Energy And Climate Change Secretary … Read More
E.ON and British Gas are to stop rolling their business energy customers into new contracts automatically at the end of their agreed term. Most organisation have experienced it. You receive a letter near the end of your electricity or gas contract informing you that there is only a few weeks or months left of your fixed-price agreement. It isn’t urgent … Read More
The parent company of British Gas is seeking to generate more of its own energy, due to its increasing reliance on foreign imports. Centrica, owner of British Gas, has announced a new 2 year partnership with Cuadrilla Resources to extract shale gas at 7 wells across Lancashire. Fracking will take place at 6 new wells, as well as the one … Read More