News
Big six energy company, SSE, announces profits increase
SSE, one of the big six energy companies, has announced that its profits have risen by two per cent, according to an article published by BBC News. Despite a year in which SSE said it had faced upheaval and the state of ongoing economic uncertainty, it revealed pre-tax profits of £1.33 billion on Wednesday (May ...
Airtricity to acquire Phoenix gas supply arm
Airtricity, a subsidiary of SSE - one of the big six energy companies -is set to complete the acquisition of Phoenix's gas supply business, according to an article published by BBC News. Phoenix will continue to keep the distribution side of its business - which includes the gas pipes considered to be its most valuable ...
E.ON chief - Europe's gas suppliers to retain position within market
E.ON - one of the big six energy companies - has claimed that Europe's traditional gas suppliers won't be challenged by new sources delivering gas into the continent, according to an article published by Reuters. Klaus Schaefer, chief of both Ruhrgas and E.ON Energy Trading, made the claim whilst speaking at the Reuters Global Energy ...
Government electricity market reform plans "unworkable"
The head of policy at one of the big six energy companies has claimed that government plans to reform the electricity market are "unworkable," according to an article published by the Guardian. Keith MacLean, head of policy at Scottish and Southern Energy, stated: "These proposals are too complex - they are unworkable, and they are ...
Hendry places support behind smart meters
With a mass-roll out of smart meters planned to begin in 2014, energy minister Charles Hendry MP has forecast that they will play "a key role in bringing our energy management into the 21st century," according to an article published by Energy Live News. The MP made the claim in a post published on his ...
E.ON's gas and electricity prices frozen for remainder of 2012
E.ON - one of the big six energy companies - has revealed that it will not be raising its gas and electricity prices during the remainder of this year (2012), according to an article published by the Telegraph. The announcement is set to be welcomed by millions of households and follows British Gas owner, Centrica's ...
E.ON, one of the big six energy companies, reveals shares fall
Following a fall in profits, shares in E.ON - one of the big six energy companies - have dropped by 1.4 per cent, according to an article published by BBC News. Net income during the first quarter fell by 24 per cent - to £1.4 billion. The fall has been attributed to a lower demand ...
Centrica warns of higher gas bills
British Gas owner Centrica has warned consumers to expect gas bills to increase, as wholesale prices continue to rise, according to an article published by BBC News. Although British Gas - one of the big six energy companies - previously implemented a five per cent price cut to its standard electricity tariff, Centrica has revealed ...
Co-Operative Energy wins Big Switch auction
Co-Operative Energy has won the first Which? Big Switch reverse auction, according to an article published by This Is Money. However, despite the victory, just 10 per cent of those signed up - 30,000 - for the Big Switch scheme will be able to switch to the winning tariff. As result 20,000 customers, paying by ...
E.ON research displays ignorance towards smart meters
Around 37 million people remain unaware of the benefits a smart meter can provide, according to research conducted by E.ON. E.ON - one of the Big Six energy companies - has urged householders to look into smart meters, which could help them save up to four per cent on their energy bills. The research also ...
