2012 May news archive


29 May

Majority of UK consumers have switched supplier, YouGov study reveals

Woman keeping warm in winterA recent study conducted by YouGov SixthSense has revealed that around three quarters - 72 per cent - of British consumers have switched their gas and/or electricity supplier during the last five years. It was also revealed that 46 per cent of consumers had switched during the last two years. Price comparison sites were said ...

25 May

Annual electricity bills set to increase with proposed Energy Bill

Family of feet warming at a fireplaceAs part of the Government's proposed energy reforms, households in the UK are set to have to pay around £100 a year more for their electricity, according to an article published by My Finances. The rise in cost will subsidise the construction of new nuclear power stations and wind farms over the next two decades. ...

18 May

Big six energy company, SSE, announces profits increase

Burning Gas OvenSSE, 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 ...

18 May

Airtricity to acquire Phoenix gas supply arm

Blue flames of gasAirtricity, 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 ...

17 May

E.ON chief - Europe's gas suppliers to retain position within market

Cooking surface and gas ringsE.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 ...

16 May

Government electricity market reform plans "unworkable"

House inside a lightbulbThe 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 ...

16 May

Hendry places support behind smart meters

Gas water heaterWith 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 ...

15 May

E.ON's gas and electricity prices frozen for remainder of 2012

Electrical dischargeE.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 ...

14 May

E.ON, one of the big six energy companies, reveals shares fall

Yellow flameFollowing 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 ...

11 May

Centrica warns of higher gas bills

Blue flames of gasBritish 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 ...

11 May

Co-Operative Energy wins Big Switch auction

House inside a lightbulbCo-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 ...

10 May

E.ON research displays ignorance towards smart meters

Gas water heaterAround 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 ...

09 May

SSE fined for mis-selling

Electricty pylonOne of the UK's Big Six energy companies has been fined for mis-selling energy tariffs to its customers, according to an article published by BBC News. SSE were originally found guilty, in May of last year (2011),  at Guildford Crown Court  of using misleading sales techniques when doorstop selling between September 2008 and July 2009. ...

03 May

EDF Energy announces participation in Which?'s Big Switch

Yellow flameEDF Energy has become the latest big energy supplier to announce that it will participate in Which?'s Big Switch scheme. The first 'reverse auction' - in which energy suppliers will bid to provide the 280,000 customers signed up to the scheme with their lowest price tariff - is due to take place on May 9. ...

02 May

E.ON apologises to business energy customers after error

House inside a lightbulbOne of the UK's "big six" energy suppliers has been left red-faced, having mistakenly informed business customers that they would need to pay climate change tax at one thousand times the actual rate, according to an article published by the Telegraph. E.ON sent the letters last month, which stated that the Government has increased the ...