Tim Yeo, the chairman of the energy select committee says the upcoming investigation should be extended to cover the gas sector as well. The Competition & Markets Authority is currently investigating into possible tacit co-ordination between the big six energy suppliers in relation to their price changes. The last 3 years have seen all of the major suppliers raise prices … Read More
The industry regulator Ofgem has called for an inquiry into “possible tacit co-ordination” of price rises by the Big Six. The Competition & Markets Authority (CMA) is being called on by Ofgem to perform the investigation over the next 18 months amid fears that the energy market is not competitive, with price variations between suppliers at a minimum. Suppliers have … Read More
German-owned energy giant is the last of the Big Six to raise prices this winter. The rise of 3.7% on electricity, and 4.6% on gas equates to around £48 on the average annual bill, and will take effect from January 18. The increase is less than expected, following a reduction on green and social levies by the government which equates … Read More
Representatives from the Big Six were recently called before a panel of MPs, being asked to justify their recent round of price rises. British Gas, Npower, Scottish Power and Scottish & Southern have already announced price rises this winter. On the 29th October, bosses from all of the largest energy suppliers were questioned on why they have raised their prices … Read More
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.