Under new rules announced today, the Big Six energy suppliers will have to write to all of their customers once a year informing them if they are on the best type of tariff for their usage. The new rules do not however, mean that the supplier has to inform their customer if there is a cheaper deal with another supplier … Read More
Olympic Games Street Works Embargo
New Electricity and Gas Connections will not be possible in certain areas of London in the run up to and during the Olympic Games. Known as the Clearway Project, from now until September, there are no street works allowed on ‘key parts’ of the Olympic Route Network (ORN). This will be expanded to cover the whole ORN from July 2012, … Read More
Which? calls for carbon price to be scrapped
The consumer watchdog has begun a campaign to get the carbon floor price scrapped, saying that it is nothing but a burden on UK energy consumers and businesses. The program is designed to encourage energy suppliers to generate more from low-carbon technologies, but Which? says that it will add to our bills without really changing how the suppliers invest. It’s … Read More
How honest is your business energy broker?
There are a multitude of services that Third-party intermediaries (Tpis) offer, and varying ways they obtain clients and earn remuneration. This means that choosing the right Tpi is essential. It is now widely accepted that up to 70% of business energy procurement is facilitated by brokers and Tpis such as ourselves, but there is no official Ofgem license or even … Read More
Wholesale gas prices rise as Europe freezes
Energy suppliers are warning that wholesale gas is being traded at significantly higher prices than it was a fortnight ago. In winter 2012 we rely on imported gas more than ever. This was the main reason given for the recent winter price rises made by all big six suppliers, and it seems foreign imports are not just a problem in … Read More
Fracking for shale gas regulations sufficient
A report published by the European Commission has declared that the current rules regarding fracking for shale gas are sufficient The controversial new method of extracting gas by hydraulic fracturing (fracking) of rocks deep below the Earth’s surface is already covered by existing water and drilling regulations, and no new rules are needed until the technology reaches a commercial scale, … Read More
‘Big six’ make small price reductions
All of the big six energy suppliers have now cut their prices, following electricity and gas price rises in the second part of 2011. All of the largest players in the energy market have now cut their standard domestic tariffs to some extent, but all of them have made reductions that amount to a fraction of the price rises they … Read More
Ofgem wants ‘better protection for businesses’
In a press release on Monday, Ofgem proposed new measures designed to shake up the business energy market, and encourage energy suppliers and brokers to provide a better service.
Rising gas prices push up energy bills
Wholesale natural gas prices are 40 per cent higher than they were this time last year. Despite criticism that green taxes and subsidies are pushing up energy prices, Ofgem remain certain that it is rising wholesale electricity prices that are to blame. An Ofgem report stated that wholesale gas is now 40% costlier than it was at this time last … Read More
Chris Huhne attacks critics
The Energy & Climate Change Secretary has called renewable energy critics ‘curmudgeons and faultfinders’ and says they are ‘selling Britain’s ingenuity short’. Chris Huhne seems to never be out of the spotlight. A couple of weeks ago he was slamming those who doubt the cost-effectiveness of renewable energy sources, such as wind power, and last week he wrote a controversial … Read More