The European Commission is to carry out an investigation into electricity prices. This comes following suspicions of excessive pricing due to wholesale price cuts not being passed on to consumers. With 60 percent of consumers across the EU last year reporting a rise in their electricity bills, the fact that the wholesale price of electricity has come down by 35 … Read More
Price rises feared as Europe waits for Russia to turn gas back on
Eastern European energy conflict continues despite EU agreements. The ongoing Russia-Ukraine conflict, leads to concerns that UK prices won’t come down as promised. Russian energy giant Gazprom has stated that despite the EU deal signed by both Russia and Ukraine, it will not resume gas supplies to Europe until they receive a copy of the agreement. This is just the … Read More
UK energy prices rising more than twice as fast as Europe
UK gas and electricity prices up by 29.7 per cent in the past year, compared to the 14 per cent European average. Norway is the only European nation that faced higher price rises in the last year, the Organisation for Economic Cooperation and Development (OECD) revealed. The UK Energy market is under scrutiny this week after the OECD report revealed … Read More
Energy suppliers face anger as EDF admits UK power costs more
French-owned firm EDF Energy have been responding to criticism, as energy companies in the UK are hitting their customers with double-digit price rises. A government consumer watchdog has queried the difference in the price paid by French customers for their electricity against that charged to their UK counterparts. The difference in pricing has been estimated in official government figures as … Read More