Cost of Energy

Asian countries prioritising development over climate goals

Asian countries prioritising development over climate goals

Countries across Asia are increasingly finding themselves torn meeting emissions reductions targets and meeting economic development goals, and in many cases are prioritising development over limiting emission. Asia has 2,000GW of coal fired power plants that are either under construction or fully operational, with China and India increasing coal power […]

World Bank pledges $200bn in climate funding

World Bank pledges $200bn in climate funding

The World Bank has pledged $200 billion in investments for low carbon projects, despite the fact that its largest shareholder, USA, is refusing to re-join the Paris agreement and is set to host a pro-fossil fuel side event at the United Nation’s climate talks. The funds will come from a […]

Centrica shares plummet as customers leave

Centrica shares plummet as customers leave

Centrica has lost 372,000 home energy customers in the four months to the end of October as high levels of competition from smaller firms mount on the Big Six. The figures revealed represent a 3% drop in the energy giant’s 12.5 million gas and electricity accounts from June, highlighting the […]

SSE reveals Npower deal could fall through

SSE reveals Npower deal could fall through

UK energy giant SSE has expressed a level of uncertainty over its planned merger with Npower after the two companies delayed the deal as a result of incoming caps on default tariff prices. SSE said the impending price cap on standard variable tariffs (SVTs) is expected to increase pressure on […]

Great Britain Pound Currency

UK households owe nearly £400m to energy companies

The number of UK households that owe money to energy suppliers has risen by 300,000 this year with a total of nearly £400 million owed ahead of the winter months. Price hikes throughout the year contributed to the amount of collective debt in the UK to hit £393 million in […]

Charles Berry announced as new Centrica chair

Charles Berry announced as new Centrica chair

British Gas’ parent company Centrica has appointed Charles Berry as its next chairman, who will take up the new position in February 2019. The current chairman of international engineering company, Weir, will replace Rick Haythornthwaite, who announced he would step down earlier this year after six years in the position. […]

Low-carbon economy threatens 28,000 UK jobs

Low-carbon economy threatens 28,000 UK jobs

The UK Government’s drive to a low carbon economy could cost the north of England up to 28,000 jobs over the next 12 years, according to the Institute for Public Policy Research (IPPR). The report said the region faced economic decline under current plans, which fail to mention the damaging […]

Small suppliers make up a quarter of the UK energy market

Small suppliers make up a quarter of the UK energy market

One in four UK energy customers have moved from contracts with larger firms to small and medium sized suppliers after the government moved to cut the Big Six’s monopoly of the market. The surgency in smaller suppliers has significantly reduced the market share of the Big Six firms and slashed […]