Dash for gas expected in UK

mattBusiness Electricity, Business Gas, Utilities Market Regulation

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

UK firms waste £1.6 billion on energy

mattEnergy Efficiency, Utilities Market Regulation

Large UK businesses waste an annual amount of energy costing at least £1.6 billion, The Carbon Trust said on Monday. A report published on Monday by The Carbon Trust Advisory said the £1.6 billion total was due to large businesses neglecting energy efficiency measures. The government-run Carbon Trust Advisory released the statement after analysing 1000 firms’ energy efficiency investments over … Read More

Big six facing Ofgem review

mattBusiness Electricity, Business Gas, Utilities Market Regulation, Wholesale Utilities Markets

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

EDF’s UK Distribution network taken over

mattBusiness Electricity, International, Utilities Market Regulation, Wholesale Utilities Markets

A Hong Kong consortium has announced the takeover of EDF’s UK distribution network for £5.7 billion The completion of the purchase was announced on 30 October. The Hong Kong consortium is comprised of Cheung Kong Infrastructure Holdings (CKI) and Hongkong Electric Holdings, and is fronted by Hong Kong’s richest man, Li Ka-shing. Both CKI and HK Electric hold a 40% … Read More

Ofgem to probe four of the big six

mattUtilities Market Regulation

Energy regulator Ofgem launching investigation into mis-selling of contracts to customers RWE Npower, Scottish and Southern Energy, Scottish Power and EDF Energy are all to be put under the microscope of energy industry regulator Ofgem. The probe will determine whether these four companies are complying with obligations that were brought in by Ofgem last October regarding the mis-selling of energy … Read More

Ofgem warns suppliers over prices

mattUtilities Market Regulation

Industry regulator has again inquired into why suppliers continue to increase energy bills despite falling wholesale energy costs. Ofgem has announced concerns that energy suppliers are making too much money from their customers, with reports suggesting that they are making £85 profit per customer. This is the highest profit level the energy suppliers have made in 5 years, according to … Read More