Cost of Energy

Experts warn of dire energy security despite cut in emissions

Experts warn of dire energy security despite cut in emissions

An analysis by Carbon Brief showing that the UK has cut emissions comes as experts warn that Britain’s renewables policies are harming energy security. Carbon Brief’s analysis celebrating the reduction in UK emissions comes only a week after an influential House of Lords committee called for a commission to shed […]

BRIDGWATER, ENGLAND - NOVEMBER 12:  A mass of electricity pylons are seen from Hinkley Point nuclear power station near Bridgwater on November 12, 2013 in Somerset, England.  EDF, who last month announced it was to construct a new plant at Hinkley Point after reaching a deal with the U.K. government, said today that energy bills will rise by 3.9 percent on average.  (Photo by Matt Cardy/Getty Images)

UK emissions reductions come at the price of affordable energy

An analysis by Carbon Brief showing that the UK has cut emissions comes as experts warn that Britain’s renewables policies are harming energy security. Carbon Brief’s analysis celebrating the reduction in UK emissions comes only a week after an influential House of Lords committee called for a commission to shed […]

E.ON chief blames UK price rise on renewables subsidies

E.ON chief blames UK price rise on renewables subsidies

Energy giant E.ON has blamed an average 8.8 per cent price rise on the increasing cost of the UK government’s green policies. The German company announced that from 26 April, its standard UK electricity prices will rise by an average of 13.8%, and standard gas prices by 3.8%, taking the […]

Energy boss slams EU energy market

Energy boss slams EU energy market

The Chairman of Spanish energy giant Iberdrola has slammed the European Union’s energy market due to the contrasting demands of the EU to keep consumer bills low whilst also adding costs through renewables obligations. Mr Galán has been the Chair of Iberdrola, Spain’s largest energy company, since 2007. In that […]

Six year high in British consumers switching energy providers

Six year high in British consumers switching energy providers

British energy customers are leaving their providers in droves and switching to new providers at the highest rate in six years, according to new data from Ofgem. The energy regulator released annual data which showed customers switched 7.7 million times in the last year, an increase of 30%. Ofgem has […]

The sun rises behind wind turbines and electricity poles Friday, Oct. 12, 2012 in Nauen near Berlin, Germany. (AP Photo/Ferdinand Ostrop)

Experts warn Canadians to prepare for significant energy price rises

Utility companies and industry analysts have warned Canadian households to expect significant energy price rises over the coming years. With the introduction of a carbon tax this year set to force average gas bills up by $136, domestic customers will also have to contend with a negative market outlook that […]

Think tank calls for end to green power subsidies

Think tank calls for end to green power subsidies

An influential think tank has said that post-Brexit Britain should slash green subsidies to make the country’s energy prices the cheapest in Europe. The report by Civitas found that prices for industrial electricity have doubled since 2004 through a rush to renewables and a “process of economic self-harm”. Glyn Gaskarth, […]

Underestimated cost of green schemes forces UK energy bills to rise

Underestimated cost of green schemes forces UK energy bills to rise

UK households will face higher energy bills after government officials “significantly underestimated” the cost of green energy schemes. According to a Public Accounts Committee (PAC) report, the average household energy bill is likely to be around £110 higher in 2020 – £17 more than expected. Government officials were criticised for […]