2013 February news archive


27 February

British Gas announces 11% profit increase - raking in a total of £606m

Burning Gas OvenBritish Gas has reported a profit increase of 11%: Taking its total revenue to £606m for the year. The firm said it had performed well up until the end of December last year.

26 February

Report reveals Centrica contributes more than £14bn to UK economy

Blue flames of gasCentrica has revealed in a new report that it contributes more than £14bn to the UK economy. It is the first time British Gas's parent company has published such an economic impact report. Conducted by Oxford Economics, the report said as well as Centrica contributing £14.1bn to the economy as a whole, the firm also ...

22 February

European Commission take UK Government to court over Green Deal tax cuts

House inside a lightbulbThe Government's Green Deal has come under fire from the European Commission for allegedly breaking EU rules on tax regulation. The flagship scheme only launched late last month, but the UK Government is now being taken to court by Brussels: With the Commission claiming that under EU rules, any VAT reductions must be linked to ...

21 February

Ofgem confirms plans for simpler tariffs for energy customers

Green Energy PlugEnergy regulator Ofgem has reiterated its plans to force energy suppliers into cutting down the number of tariffs they offer customers. The Government has confirmed that it is completely behind the plans. The regulator outlined plans back in October last year, but the Government then trumped Ofgem's own plans by announcing proposals for even more ...

19 February

Ofgem chief executive warns energy customers on chance of higher bills

Burning Gas OvenThe chief executive of Ofgem has warned gas and electricity customers they could face higher energy bills as the country becomes more reliant on sources from outside the UK. Alistair Buchanan warned that an increased demand for energy - coupled with the closing old power plants - could result in demand outstripping the supply available ...

15 February

EDF to trial new day-ahead electricity alerts

House inside a lightbulbEDF and Imperial College London have teamed up to trail a new system designed to encourage energy consumers to experiment with adapting energy usage in order to save money. In total, 1,000 customers will take part in the year long trail which aims to find out whether they are willing adapt their washing and drying ...

15 February

Chris Weston set to be appointed new head of British Gas by Centrica

Burning Gas OvenChris Weston is set to be appointed as the new boss of British Gas by its parent company Centrica. He will be taking over from Phil Bentley who is set to step down as managing director after six years in the role. Mr Weston was managing director of British Gas Services for a four-year period ...

14 February

Almost two-thirds of the public have still not heard of the Green Deal

Green Energy PlugTwo weeks since the government launched its new energy efficiency scheme the Green Deal, a new survey has revealed that almost two-thirds (61%) of the public have still not heard of it. Despite this latest information however, key figures in the sector as well as the Department of Energy and Climate Change (DECC) have said ...

13 February

Co-operative Energy bump up energy prices nine per cent

Electrical dischargeCo-operative Energy is the latest energy firm to put up its energy bills for new customers: Although the firm has confirmed it will keep current customers bills at the same level until at least April 15. The nine per cent rise in the cost of energy from the firm was blamed for the price hike ...

12 February

'Big Six' received 15,000 complaints a day in final quarter of 2012

Burning Gas OvenThe 'Big Six' energy firms received an average of more than 15,000 complaints a day according to new data. Information from the gas and electricity firms showed the high number of complaints over the last quarter of last year, but also highlighted the vast majority of them were resolved by the next working day. EDF ...

08 February

New research claims ECO scheme could increase energy bills by 10%

Green Energy PlugNew research has revealed that a new government energy efficiency scheme could end up adding ten per cent to the average household energy bill. The study from Encraft showed that the Energy Company Obligation (ECO) could wind up hitting customers in the pocket as the cost rockets to more than double the original estimate. The ...

05 February

British Gas owner Centrica pull out of UK nuclear plant construction

LightbulbCentrica has officially announced that it has pulled out of plans to build a number of new nuclear plants in the UK. Ending months of speculation, the owner of British Gas announced its withdrawal from the plans on Monday (February 4) blaming huge costs and a number of delays as the main reasons for the ...

04 February

New report claims Centrica to pull out of nuclear power station plans

Electricty pylonA new report has suggested that Centrica are ready to pull out of plans to build a number of nuclear power stations in the UK. The Financial Times claim a source close to the matter informed them senior management at the firm had concluded 'new nuclear' was 'not right' for the firm. If Centrica were ...

04 February

SSE latest trade update: Lack of rain blamed for 40% hydro output drop

Electricty pylonUK energy firm SSE has blamed a lack of rain for a 40% drop in hydro energy output. However in the company's latest trade update covering the nine months up until December of last year, it reported an increase in wind power which offset the fall in hydro output. The trade update confirmed a 40 ...

01 February

Npower boss says energy firms not to blame for increased energy bills

LightbulbThe boss of UK energy firm NPower has said that energy firms cannot be blamed for the huge bill hikes which have seen consumers increasingly out of pocket. Energy bills have gone up a staggering 170% in the last decade, but Paul Massara says it is unfair to place the blame at energy providers doors. ...