News and Information from the UK’s energy suppliers.
The Fennovoima nuclear power plant was to be built by Russia, but it has now been cancelled because of delays and increased risks in Ukraine. The controversial energy project was abandoned following reports if not only delays, but also increased risks due to the war happening nearby. After the conflict between Russia and Ukraine, […]
The UK’s biggest energy provider of gas to companies is evaluating a change of name to distance the brand from Russia. After Russia’s invasion of Ukraine, the energy business, based in Manchester, have a task to decide on a new name. Over 20% of the gas that is used by UK businesses comes from the
Limited capacity to pipe gas to Europe and increased import volumes could drive down energy prices in the UK. After record wholesale gas prices swept across Europe, prices have fallen dramatically after an unprecedented surplus of liquefied natural gas. This has raised the chances of lower energy bills for the UK this autumn. A strong
Lower Energy Bills In the UK Could Come After LNG Glut Read More »
The energy price cap, introduced by Ofgem in January 2019 to prevent energy suppliers from charging customers too much for their energy supply, is the maximum amount that a supplier can charge for an average energy consumption. The price cap, therefore, determines gas and electricity prices for 22 million households across the country. As Sky
Can more frequent changes to energy price cap solve the crisis? Read More »
Scottish Power, one of the country’s largest energy providers has warned that yearly bills could jump by more than £900 this year, and has urged the government to join emergency discussions to address the “crisis” of growing electricity and gas prices. ScottishPower predicted that the UK’s energy price cap will rise by around 47% to
Scottish Power warn of a £900 increase to Energy Bills in October Read More »
In recent months, the energy price cap in the UK rose by 54%, taking the average household energy bill to £1,971 a year. Keith Anderson, the chief executive of ScottishPower, warns that there could be another increase, as high as additional £900 this winter. If that happened, this amount would increase to £2,900. In a
Bulb Energy, which has 1.7 million customers, has announced that the firm will be put into special administration. With the ongoing energy crisis and the record high gas prices, many providers are struggling to continue providing their services as it becomes financially unsustainable for them to keep on working. Twenty-two energy companies have already gone
Bulb Energy going into special administration: What will happen with their customers? Read More »
Energy supplier Utility Warehouse has agreed to pay £1.5 million after being accused of failing to treat some of its customers fairly and not supporting those facing hardship. This has been concluded by the energy regulator Ofgem following an audit report from 2018. How did Utility Warehouse fail to fairly treat its customers?According to the
Utility Warehouse to pay £1.5m for failings around customers in debt Read More »
Energy bosses in the UK have called for the price cap to be scrapped in order to protect households from an upcoming ‘horrific’ winter. The biggest UK energy suppliers have voiced their concerns, requesting a new system to be put into place and the price cap to be abolished. These unprecedented measures come after record
Energy Firms Calling For Price Cap To Be Scrapped Read More »
A technical ‘glitch’ has meant that millions of smart-meter credit customers have not been able to access their smart meter readings for over 2 months now. During this period, bills have skyrocketed, with Ofgem’s price cap climbing to £1,971 at the start of April, which is an over 50% rise in bills. According to the
British Gas Customers Unable to View Their Usage for Months due to ‘Glitch’ Read More »