Cuadrilla Resources estimates that up to 200 trillion cubic feet of gas lies underground near Blackpool. The company that halted the controversial ‘fracking’ process after a minor tremor near Blackpool earlier this year says that the resources found beneath the Northwest of England are extremely vast. Hydraulic Fracturing, or ‘fracking’, is a process which is enabling companies to extract gas … Read More
‘European super grid’ could cost £28 billion
A new ‘super grid’ for electricity that connects Britain to mainland Europe is being tabled as the solution to balancing international supply and demand. The new system would use cables laid under the sea, making it easier to connect offshore wind farms to the grid, eliminating the need for pylons that run from the countryside to the coast. It would … Read More
Jobs created by Obama’s green-tech program
The USA’s $38.6 billion “green-tech” program has so far only created a fraction of the green jobs that were promised. Various media outlets around the world are reporting on what’s becoming known as the Solyndra Scandal. Solyndra was a company that made solar panels, and was funded by Obama’s green-tech subsidy program. “The future is here” said Mr. Obama, when … Read More
EDF Energy announce price rises
EDF Energy have today announced they are to increase their energy prices from 10 November EDF Energy are the last of the big six UK energy suppliers to announce their domestic price rises for this year. The company will raise its retail gas prices by 15.4% and electricity prices by 4.5% from the 10 November. EDF Energy claims it has … Read More
Leaked letter says bills could increase 30%
A letter from the Prime Minister’s Senior Policy Adviser suggests current energy policy could add 30% onto household energy bills. In a letter leaked to the Telegraph, from Prime Minister’s advisers Ben Moxham and Gila Sacks, there are claims 30% increases in household bills could be seen by 2020. Senior Policy Adviser Ben Moxham said claims by the Department of … Read More
Ofgem to investigate big six profits
Energy industry regulator Ofgem has stepped up its investigation into how the top UK energy suppliers make their profits The Office of Gas and Electricity Markets (OFGEM) has hired forensic accountants BDO to scrutinise how the top UK energy suppliers make their profit. BDO will look at the trading profits, wholesale prices and hedging practices at British Gas, E.ON Energy, … Read More
E.ON Energy announces price rise
E.ON Energy has become the latest of the big six UK energy suppliers to up its prices. E.ON have raised electricity bills by 11.4%, while gas bills will be raised by a larger margin of 18.1% and will come into effect from 13 September. They are the fourth of the big six UK suppliers to announce hikes, after Scottish Power, … Read More
CBI advises on carbon floor price
The Confederation of British Industry (CBI) has called on the government to exempt energy intensive companies from paying a fixed carbon price. The government currently plan to charge a floor price for carbon consumption from April 2013. The business lobby group warn that this could drive out energy-intensive businesses.
British Gas fined £2.5m by Ofgem
The industry regulator, Ofgem, has fined British Gas due to ‘basic failures’ found in its procedure for handling customer complaints. The energy giant British Gas was fined the amount after being found it was not re-opening cases that its clients had indicated were still not resolved. This comes only shortly after British Gas Business, the commercial-only arm of the firm, … Read More
Energy firms warned on mis-selling
MPs condemn mis-selling and say suppliers are guilty of ‘Del Boy’ sales tricks The Energy And Climate Change Committee (ECCC) has called for a ban on the doorstep mis-selling of energy contracts. The Committee voiced concerns that people are being pressured by salesmen into deals that are no better, or often worse than their current one.