Cost of Energy

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 […]

SSE-Npower merger gets watchdog clearance

SSE-Npower merger gets watchdog clearance

The proposed merger between two of Britain’s Big Six energy firms, Npower and SSE, has been given the all clear by the UK’s competition watchdog. The Competition and Markets Authority (CMA) has provided the final approval needed for the merger, that will create the country’s second largest energy provider, after […]

SSE profits drop 50%

SSE profits drop 50%

SSE has warned its profits could be cut to half of that from last year following reduced output from renewables, higher energy costs and a drop in demand. The Big Six firm has adjusted profits for the first five months of the financial year, that started in April, £190 million […]

Brexit could heighten UK energy bills

Brexit could heighten UK energy bills

Power firms in the UK have said that Brexit could force energy bills up as a result of barriers to trade that would threaten to increase the costs of importing gas and electricity to and from the continent. French energy giant EDF, Unilever and Britain’s energy industry body have grouped […]

British Gas pays £2.65m for overcharging

British Gas pays £2.65m for overcharging

Big Six energy firm British Gas has been forced to pay out £2.65 million after it overcharged 94,000 customers and imposed exit fees of thousands of households wrongfully. Ofgem stated the Centrica owned company had incorrectly moved customers that switched to a new supplier to a more expensive tariff as […]

SSE and Npower merger approved, despite concerns over competition

SSE and Npower merger approved, despite concerns over competition

The Competition and Markets Authority (CMA) has given the go-ahead for the merger between SSE and Npower, two of the Big Six in the UK. This is despite initial fears that the coupling could significantly reduce competition for consumers, particularly those on standard variable tariffs (SVTs). However, Anne Lambert, the […]

UK energy suppliers to offer post-Brexit deals

UK energy suppliers to offer post-Brexit deals

The biggest energy suppliers in the UK are set to offer long term contracts to smaller UK providers without knowing what regulations will apply after Brexit, which an industry body has said will create higher costs for households and companies. As required by UK energy regulator Ofgem, October will see […]