Cost of Energy

Continuing criticism of Scottish Government’s energy company proposal

Continuing criticism of Scottish Government’s energy company proposal

The Scottish government’s proposal of a publicly owned energy company has been roundly criticised in an article in The Scotsman. The piece highlighted the failure of nationally owned institutions previously to create the value for customers that the First Minister, Nicola Sturgeon, has promised with this utility. The piece’s author, […]

Scotland's First Minister Nicola Sturgeon waves from the royal box on centre court before the men's singles final match on the last day of the 2016 Wimbledon Championships at The All England Lawn Tennis Club in Wimbledon, southwest London, on July 10, 2016. / AFP / GLYN KIRK / RESTRICTED TO EDITORIAL USE        (Photo credit should read GLYN KIRK/AFP/Getty Images)

Mounting criticism of Scottish government’s public energy company

Criticism has been mounting against Nicola Sturgeon’s plan to launch a publicly owned energy company. The criticism has come from a variety of fields including energy, economics and politics. An energy economist at the university of Dundee, Dr Ariel Bergmann, said the scheme meant risk for customers. He said: “The […]

File photo dated 18/10/13 of electricity pylons near Lydd, Kent. Energy regulator Ofgem has put forward plans to slash National Grid's budget by £185.4 million. PRESS ASSOCIATION Photo. Issue date: Thursday August 18, 2016. The watchdog, which sets the amount of money granted to National Grid to look after the UK's gas and electricity networks, said the proposals were part of a mid-period review. See PA story CITY Ofgem. Photo credit should read: Gareth Fuller/PA Wire

Energy cap not until next winter – Ofgem

Ofgem has said that the government’s energy cap will not come into force this winter. An interim cap aimed at the most vulnerable customers could be implemented by February. Ofgem said: “This will provide some short-term relief for vulnerable customers ahead of government plans for an energy price cap being […]

Chief executive of Centrica speaks out about green subsidies

Chief executive of Centrica speaks out about green subsidies

The chief executive of Centrica has said that customers should not be paying green subsidies through energy bills. Speaking to the editor of the Spectator, Iain Conn, the chief executive of Centrica, argued against the cost of green subsidies being added to customers’ bills. Conn highlighted the disproportionate effect of […]

ABERDEEN, SCOTLAND - OCTOBER 17:  First Minister of Scotland Nicola Sturgeon  acknowledges applause following  her keynote speech at the 81st annual SNP conference at the Aberdeen Exhibition and Conference Centre on October 17, 2015 in Aberdeen, Scotland.  During her address to delegates, Nicola Sturgeon announced a pledge to build a new network of NHS treatment centres and more financial support for carers if the SNP wins next year's Holyrood elections.  (Photo by Jeff J Mitchell/Getty Images)

Scotland to have public renewable company – First Minister

The First Minister of Scotland has proposed a nationally owned energy utility company to bring prices down. Speaking at the SNP conference, Nicola Sturgeon, the First Minister, followed up on the SNP manifesto promise to introduce a publically owned renewable energy company in an attempt to lower bills. This comes […]

The Ofgem sign outside the  electricity and gas industry regulator's office in Millbank, central London. PRESS ASSOCIATION Photo. Picture date: Tuesday October 22, 2013. Photo credit should read: Yui Mok/PA Wire

Proposed energy price cap creates confusion

Fresh confusion and uncertainty over the government’s planned energy cap. Following the Prime Minister’s announcement of the implantation of an energy price cap on Wednesday Ofgem, the energy regulator, has delayed its announcement on proposals to protect vulnerable customers. The publication has been delayed until next week, prompting an industry […]

Business groups blast Theresa May’s energy price cap announcement

Business groups blast Theresa May’s energy price cap announcement

Business lobby groups have lined up to attack Theresa May’s proposal for a cap on “rip-off” energy bills, following her disastrous conference speech in Manchester. The speech, which was marred by a prankster brandishing a P45, repeated coughing fits from the Prime Minister, and letters falling off from the slogan […]

Prime Minister announces energy price cap

Prime Minister announces energy price cap

The Prime Minister, Theresa May, has said that a plan for an energy cap will be implemented, delivering price caps for an extra 12 million customers. The speech was delivered in the Prime Minister’s speech at the Conservative Party conference. “The energy market punishes loyalty with higher prices, and the […]