Cost of Energy

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 […]

Ofgem delays price cap proposal

Ofgem delays price cap proposal

Ofgem has delayed the publication energy price cap proposal to allow further time to consider responses to its consultation. Details on the draft were to be released on Thursday 23rd August but will not be published in early September. Earlier this month, the energy regulator announced it will increase its […]

British Gas hike energy bills by £44 in second 2018 rise

British Gas hike energy bills by £44 in second 2018 rise

British Gas will increase the average fuel bill of 3.5 million customers in its second price increase this year. The country’s largest energy supplier blamed the rising costs of wholesale energy prices for the 3.8% increase in standard variable tariffs (SVTs), which came just four months after April’s 5.5% rise, […]

Energy bills to rise for the vulnerable

Energy bills to rise for the vulnerable

Some of the UK’s most vulnerable households could see an increase of as much as £47 a year in their energy bills after Ofgem increased the cap on prices for the second time this year, as a result of higher wholesale costs. The UK industry regulator said the increase that […]