Energy suppliers spent £4bn more than the average market rate
The UK’s Big Six energy suppliers have bought their power for almost £4bn more than the average market rate over the past three years and then charged the consumers more in order to cover the additional expenses, new figures released by the
Half of Britain will be open to fracking, Government report reveals
A new report released by the UK government on Tuesday suggests that close to half of Britain might be ready for shale gas drilling, energy companies getting the chance to bid for rights to drill across more than 37,000 square miles, stretching from central Scotland to the south coast.
UK government asks energy suppliers to freeze energy prices until mid-2015
The UK government is urging the Big Six energy suppliers to freeze energy prices until mid-2015, in an attempt to avoid further increases in energy bills ahead of the next election, reputable media sources have revealed. The commitment would be a part of wider set of measures, that would ultimately lead to around 50 pounds being slashed off the typical dual-fuel
Green Deal scheme should be extended to SMEs, report suggests
Government should extend the Green Deal programme to small and medium enterprises and the UK Green Investment Bank (GIB) should offer low interest loans to these small companies in order to promote energy efficiency, a new
UK’s Big Six energy suppliers record 75% boost in profits
Despite pushing up their energy bills and claiming that they’re forced to do so in order to keep them afloat, the truth of the matter is that the UK’s Big Six energy suppliers have recorded some pretty hefty profits back in 2012, up by 75% compared to the previous year, a media news report has revealed.
British Gas issues profit warning, while E.ON shows improved optimism
Some of UK’s largest energy suppliers seem to be going through some tough times in terms of profits, while others, such as E.ON, are actually faring quite well, a new media report has revealed.
Energy bills to continue growing for the next 17 years, spending watchdog warns
The latest round of above-inflation energy increases in energy bills will by no means be the last, the Whitehall’s spending watchdog warning that this year-to-year process is likely to continue for the next 17 years.
Energy efficiency measures to play a huge role on the future, expert warns
Implementing extensive energy efficiency measures across all buildings, whether old or new, is likely to become a must over the next years, as energy prices continue to grow year-to-year, an industry expert has warned during a speech at the Energy Live 2013 event.
UK energy suppliers cleared of gas market price manipulation charges following Ofgem investigation
Britain’s largest energy companies have been cleared of all charges related to the alleged price manipulation in the UK wholesale gas market after an investigation by energy regulator Ofgem and the Financial Conduct Authority (FCA) found no compelling evidence to support the accusations.