Cost of Energy

EDF SVT customers face 10% hike in energy bills

EDF SVT customers face 10% hike in energy bills

EDF customers on standard variable tariffs (SVTs) face a 10% increase to energy bills from the 1st April after Ofgem increased its energy price cap, according to comparison website uSwitch.com. Gas and electricity bills are set to rise for 1.3 million EDF customers to £1,254, up £118, to the level […]

Ofgem ups UK price cap

Ofgem ups UK price cap

Up to 15 million UK households are set to see an increase in their energy bills as of April, after the energy regulator, Ofgem, revised their price cap as a result of higher energy costs. Ofgem said a substantial change in wholesale energy costs during the second of 2018 meant […]

Ofgem under pressure over rise in price cap

Ofgem under pressure over rise in price cap

The UK energy watchdog is facing increased pressure as it will be forced to defend a “significant” increase in fuel bills for 11 million households, who had been guaranteed a cap to their bills. On Thursday, Ofgem will announce an increase to the energy price cap introduced at the beginning […]

Npower to cut 900 jobs

Npower to cut 900 jobs

Big Six energy supplier, Npower, is set to cut up to 900 jobs under a programme to slash its operating costs amid an “extremely tough” UK retail energy market. The company that employs 6,300 people in the UK said the number of redundancies would actually be significantly lower than that […]

EDF denies ‘retreat’ from the UK

EDF denies ‘retreat’ from the UK

French energy giant EDF has denied reports that it was considering a retreat from the UK energy market because of the government’s energy policies. Last week, reports suggested EDF was “weighing options to distance itself from the British energy market”. Since then the French firm has reiterated its commitment to […]

EDF acquires 49% stake in Conergies Group

EDF acquires 49% stake in Conergies Group

French state-owned energy giant EDF has purchased a forty-nine percent stake, for an undisclosed sum, in Conergies Group. African firm Conergies Group is a leading energy group with over 130 projects across the continent, including in Ivory Coast, Mali, Senegal, Burkina Faso, Benin and Guinea. The acquisition comes as EDF […]

Price cap revision could see £100 rise in energy prices

Price cap revision could see £100 rise in energy prices

UK energy bills could rise by £100 per year as regulators are set to announce a major hike to the energy price cap on default gas and electricity tariffs, just weeks after it was first introduced. As of the 1st January, a price cap has been implemented by energy regulator, […]

Economy Energy ceases trading

Economy Energy ceases trading

Economy Energy has ceased to trade just days after energy regulator Ofgem barred it from taking on new customers. After failing on Tuesday, the company that used to provide energy to 235,000 consumers in the UK became the first small provider to collapse in 2019, continuing a recent trend that […]