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
British Gas and Npower announce price rises
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
SSE announce winter price rise
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.
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
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
Fracking ‘could be fast tracked’
The Growth and Infrastructure Bill, currently going through the House of Lords could give shale gas the go-ahead faster than expected. Shale Gas is the reason many parts of the U.S. are seeing their economy boom. Energy prices have halved in some areas, as their planning and drilling regulations have allowed shale exploration to progress to commercial extraction and sale … Read More
British Gas announces profit of £606m
The energy giant, owned by Centrica Group Plc, has announced a profits increase of 11% for 2012. British Gas claims that a colder winter compared to 2011 helped to increase profits as customers used more gas. Gas consumption was up 12% on the previous year. This comes as a shock to many, as British Gas raised their electricity and gas … Read More
E.ON completes the round of winter price hikes
The energy giant pledged not to raise prices in 2012, but is raising them only 18 days into 2013. From the 18th January, E.ON’s household tariffs will be increased by 8.7% on both electricity and gas, it was announced. The German-owned energy supplier made a ‘price promise’ to not raise prices in 2012, but is raising them only weeks after … Read More
ScottishPower to raise electricity and gas prices
The energy giant is the fifth of the ‘Big Six’ to announce a hike to its prices this winter. The increase will take place on 3 December, when both electricity and gas will go up by 8.7%. This news means 5 of the ‘Big Six’ have raised prices in recent weeks. E.ON have pledged to not increase prices in 2012.
2012 Energy Bill Omits 2030 Carbon Target
Details of the government’s new energy bill have now been released, with plans to keep the lights on and keep carbon emissions down. Labour are calling it a “humiliating failure” for the Lib Dems and Greenpeace say David Cameron has given in to “militant tendencies” in his own party. However you look at it, the lack of a binding ‘decarbonisation’ … Read More