2012 March news archive


26 March

Ecotricity refuses to take part in Which?'s Big Switch

LightbulbA green energy supplier has become the fourth company to refuse to take part in Which?'s Big Switch scheme. According to an article published by the Observer, Ecotricity have refused to involve themselves in the scheme on the basis that Which? are making a significant amount from it - a figure calculated by the green ...

23 March

Stress rising as people struggle to pay energy bills, study states

Electrical dischargeA recent study conducted by the Energy Saving Trust has revealed that more people are becoming stressed over rising gas and electricity prices. Cited in an article published by Click Green, the "In From the Cold" report also found that 11 per cent of callers seeking the Trust's advice stated that they spend a fifth ...

19 March

SSE appeal thrown out by Court of Appeal

Yellow flameOne of the UK's "big six" energy suppliers has lost an appeal against a conviction for mis-selling to customers. According to an article published by BBC News, SSE's appeal has been thrown out; the company were originally found guilty at Guildford Crown Court in May 2011. Sales agents of SSE were found to have used ...

16 March

Ovo implement price rises

Cooking surface and gas ringsA supplier that previously cancelled plans to increase its energy prices has announced that it will be reversing that original decision. Ovo's new customers will now see their fixed-rate dual fuel tariffs increase by 7.7 per cent; meanwhile those on an electricity-only tariff will also see an increase of 3 per cent, according to an ...

15 March

E.ON see profits fall for 2011

Blue flames of gasE.ON has reported a 7.6 per cent fall in their UK profits for 2011. Unexpected mild weather conditions during the winter and rising prices at wholesale are thought to be contributing factors to the dip in profits. According to the Press Association, E.ON's profits came in at £304 million - despite the supplier having increased ...

15 March

Suppliers making £168 each second

Burning Gas OvenAn in-depth analysis into the often complex accounts of major energy suppliers has found that they make a staggering £168 each second, according to an article published by This Is Money. The analysis only covered the four firms that had disclosed their financial results for 2011 - EDF Energy, British Gas, nPower and Scottish Power. Between ...

14 March

Don't 'roll over' on business energy - shop around

Electricty pylonSmall and medium business owners are being urged to compare business gas and electricity prices and shop around for the best deals - rather than letting their existing energy contracts 'roll over'. Many businesses could be missing out on cheaper gas and electricity because they are not proactive about their supplier contracts. Most business energy ...

12 March

More supplier payouts could follow Ofgem investigation

Gas ringEnergy suppliers Scottish Power, nPower and SSE could be forced to pay out a financial package - like EDF Energy - if they've been found guilty of misleading potential customers in an Ofgem's investigation, according to an article published by the Telegraph. EDF has agreed to pay out a total of £4.5 million - a ...

09 March

EDF Energy ordered to pay £4.5m 'fine'

Burning Gas OvenEnergy supplier EDF Energy has agreed to pay a £4.5 million 'fine,' according to an article published by BBC News. The payment package has been imposed on EDF by industry regulator, Ofgem, following an investigation into the methods it used to sell energy to its customer; it is thought to be the biggest to payment ...

08 March

Complaints against energy suppliers fall

Family of feet warming at a fireplaceConsumer Focus figures have shown the amount of complaints registered by consumers about energy suppliers in the UK has fallen, according to an article published by BBC News. Complaints made against the 'big six' energy suppliers - nPower, SSE, British Gas, Scottish Power, EDF Energy and E.ON - fell by four per cent during the ...

07 March

RWE deny rumours of impending nPower sale

Blue flames of gasDespite a reported 34 per cent increase in profits for 2011, German company RWE has had to deny rumours that its nPower arm is up sale, according to an article published by the Telegraph. nPower's profits for 2011 rose to £313 million; however, nPower, like most other energy suppliers, has come in for criticism following ...

06 March

UK consumers wish to see VAT axed from energy bills, study shows

House inside a lightbulbA recent study, conducted by uSwitch.com, has found that the majority of UK consumers would like to see VAT axed on their household gas and electricity bills, according to an article published by myfinances.co.uk A massive 98 per cent of those surveyed stated that they thought the government should scrap the tax - offering VAT-free ...

05 March

British Gas warns of energy price rises for next decade

House inside a lightbulbThe head of British Gas has warned customers that energy bills will continue to rise during the next decade, according to an article published by the Telegraph. Managing director of the energy supplier, Phil Bentley, stated that gas and electricity prices would rise because of the implementation of green taxes, as well as to fund ...

02 March

Sticking with energy supplier 'subsidises' cheap deals for new customers

Yellow flameThe results of a recent study have shown energy customers who remain on the same tariff with the same provider could be subsidising the cheaper deals offered by energy suppliers to newer customers, according to an article published by Energy Choices. Conducted by think tank, the Institute for Public Policy Research (IPPR), the study found ...