Inflation hits a three year high of 4.5% for August- utility bills a main factor of the increase of cost of living. The biggest annual rise in water and energy bills in more than two years has been a main factor in the high inflation rate. Energy prices, along with increases in the cost of food and clothing meant the … 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
Npower to increase gas and electricity prices
Npower yesterday announced rises in gas and electricity prices which will come into effect later this year. Energy company Npower is to raise gas prices by 15.7% and electricity prices by 7.2% from 1 October. Npower is the fifth of the “big six” UK energy suppliers to announce rises for the coming winter, following Scottish and Southern Energy, Scottish Power, … Read More
British Gas suspends doorstep sales
British Gas have announced they are to suspend door to door selling for an initial period of 3 months The Centrica owned company has called the practice “outdated”. The decision follows harsh criticism of door to door selling by Consumer Focus.
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
Good Energy freezes electricity prices
Good Energy has committed to freezing electricity prices until at least 2012. The supplier, that supplies to around 26,000 people in the UK, have pledged to a price freeze on electricity tariffs. Good Energy‘s electricity tariff has not risen since August 2008, a contrast to the high price increases by three of the ‘big six’ already this year. The supplier … 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.
Scottish and Southern raises prices
Scottish and Southern Energy (SSE) is the latest of the big six UK suppliers to raise prices. SSE follow Scottish Power and Centrica who have both already announced similar price rises that come into effect in the autumn. SSE’s rises are expected to be around 18% for gas and 11% for electricity, but will not come into effect until September.
Huhne outlines electricity market reform
UK Energy Secretary Chris Huhne unveiled proposals set to bring about the biggest reforms since privatisation. The UK government announced on Tuesday that the UK’s energy infrastructure will need £110bn of investment to keep the lights on. Chris Huhne told parliament that without reform and substantial financial investment, the country will be facing blackouts.
British Gas prices raised
British Gas are the first of the big six suppliers to follow Scottish Power in raising their domestic prices. British Gas announced on Friday it is to raise its domestic gas and electricity prices from 18 August. Gas bills will have an average rise of 18% whilst electricity will rise by around 16%. The Centrica-owned company has, somewhat predictably blamed … Read More