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.
Ofgem drafts code of practice for TPIs
The energy regulator has posted a first draft document outlining what rules and regulations could go into its Third-party intermediary (TPI) code of practice. The code, if it ever comes into existence, will aim to keep brokers acting in a way that is “fair, honest, appropriate and transparent”, the document states. We reported on this some weeks ago, when Ofgem … Read More
All of the Big Six end auto-rollover contracts
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
SSE to stop auto-rollover contracts
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
Is public opinion on shale gas changing?
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
Cameron “determined to win” shale gas debate
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
Labour slams Big Six profits
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
Two of Big Six to end rollover contracts
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
Energy regulator considers TPI code of practice
The energy regulator, Ofgem, is considering new ways to monitor Third-Party Intermediaries (TPIs) in the business retail market. As part of its Retail Market Review, the energy regulator Ofgem is looking at ways to rid the business energy market of ‘rogue TPIs’. There is currently no mandatory form of regulation for energy brokers, consultants and switching websites that serve the … Read More
Wind farms continue to get massive subsidies
Ministers increase “strike price” paid to onshore and offshore wind farms for each megawatt-hour of electricity they generate. Onshore and offshore wind farms are to receive subsidies on the energy they generate of at least £100 and £155 per megawatt-hour (MWh) respectively, with the going rate for electricity currently at around £50/MWh. The subsidy will be in place for the … Read More