Cost of Energy

Britain’s most vulnerable to see energy prices rise

Britain’s most vulnerable to see energy prices rise

More than 5 million homes in the UK are set to see their energy bills rise as regulators look to increase a price cap that was introduced to protect vulnerable and pre-payment customers. Ofgem have said it will be raiding its safeguard tariff by £57 a year from 1st April, […]

UK industry pays 35% more for electricity than the continent

UK industry pays 35% more for electricity than the continent

A new report has found that British industry is paying a third more for electricity than a number of its European counterparts that have benefitted from better interconnections, more accessible cross border trading and longer-term supply contracts, reducing the competitiveness of the UK market. The report by University College London […]

SSE in talks with regulator over deal with Npower

SSE in talks with regulator over deal with Npower

SSE have said they are in early negotiations with the competition watchdog over the proposed merger with its rival Npower. Towards the end of last year, the Business, Energy and Industrial Strategy (BEIS) Committee urged the UK’s monopoly watchdog, the Competition and Markets Authority (CMA), to investigate the planned merger […]

Centrica boss says shift to ‘clean energy’ is too expensive

Centrica boss says shift to ‘clean energy’ is too expensive

The Chief Executive of Centrica, Iain Conn, has said that politicians have failed to make any changes to the energy market due to the tensions and the high costs associated with such a transition. Speaking at ‘A New Era for Energy Politics’ in Davos, Conn described that the global transition […]

Pensioners warned of rising energy bills

Pensioners warned of rising energy bills

Plummeting temperatures and rising energy bills could mean over a million pensioners may not be able to pay their bills this winter, as charities fear a widespread health crisis amongst the UK’s most vulnerable. According to research uncovered by The Times, approximately 40% of Brits aged 65 and over feared […]

UK green investments halve

UK green investments halve

Investment into green energy plummeted for the second year in a row as a result of the confusion within government over its energy policies. According to Bloomberg New Energy Finance, investment into wind, solar and other renewables declined by 56% to £7.5 billion in the UK. Alan Whitehead, shadow energy […]

Proposed windfarm to increase electricity bills

Proposed windfarm to increase electricity bills

Plans to build a windfarm in Caithness have been criticised for the potential increase to electricity bills it will mean for consumers. E-on proposed the plans to build a 14-turbine windfarm that would generate up to 48.3 megawatts (MW) 4.4 miles outside of Wick. However, it was pointed out by […]

UK wind farms found to be most profitable when switched off

UK wind farms found to be most profitable when switched off

More than £100 million was paid out to energy firms that own wind farms last year to switch off their turbines and stop producing electricity, according to new research. According to analysis of official figures, the wind farms generate an average of 40% more funds when their turbines are turned […]