Cost of Energy

UK PM urged to act of high energy costs

UK PM urged to act of high energy costs

Prime Minister Theresa May has come under further pressure to do more to reduce energy costs after the government’s own regulator said it was powerless to cap energy bills. In an interview with the FT, industry heavyweight and Ofgem Chief Executive Dermot Nolan said without new Government legislation “there would […]

Npower to make loss

Npower to make loss

Innogy has said that its subsidiary Npower will post a loss due to the situation of the UK energy markets. The German utility company has cited “political pressure” as a root cause of its economic position. The company cited lack of clarity from the UK government over energy policy. In […]

Shell to become UK electricity supplier

Shell to become UK electricity supplier

Royal Dutch Shell is to launch itself as an electricity utility in the UK. The second largest oil company in the World has applied for a licence to supply power to businesses across the UK. Part of this move is the assumption of power supply to 600 sites that the […]

BRISTOL, UNITED KINGDOM - OCTOBER 17:  Electricity pylons are seen on October 17, 2013 near Bristol, England. British Gas, who supply energy to almost eight million households in the UK, have announced price increases of at least 8.4% which will come into effect on November 23, 2013.  (Photo by Matt Cardy/Getty Images)

Energy price review fails to deal with crux of the problems

A review into the cost of energy in the UK does not have the power to recommend tax changes. The UK government announced a review into energy prices on Sunday. The review will be lead by Dieter Helm, an oxford academic. This government announcement comes a week after British Gas […]

Concept: High Energy Costs

1 in 3 people worried about energy prices ahead of winter

A new survey has revealed that one in three people in Britain are concerned about the cost of energy as winter rapidly approaches. The findings by consumer group uSwitch show that more than 50 percent of those surveyed were struggling to pay their bills. uSwitch’s findings come as British Gas, […]

British gas to raise bills by 12.5%

British gas to raise bills by 12.5%

The CEO of British Gas’s parent companny Centrica has blamed renewables for British Gas’s September 12.5% rise in energy bills. The average annual bill will rise by 7.3%, £76 to £1120 for those on dual fuel standard tariffs. The increase in cost will effect 3.1 million customers. The parent company […]

Cost of renewable energy is prohibitively high – Report

Cost of renewable energy is prohibitively high – Report

The brunt of the rising costs of electricity are being born by the poorest in society, a new report in Australia has said. The report is written by the Australian Council of Social Service (Acoss) and the Brotherhood of St Laurence. The report also highlighted the prohibitively high cost of […]

Government scheme fails to deal with UK energy crisis

Government scheme fails to deal with UK energy crisis

New rules around the regulation of the national grid to incorporate the unreliability of renewables will mean consumers have to reduce electricity consumption at peak times. The Business and Energy secretary Greg Clark unveiled a new vision for UK energy which includes battery facilities and incentives for individuals and businesses […]