2013 March news archive


26 March

British Gas owner Centrica confirms £10bn gas supply deal

Blue flames of gasCentrica has announced a new gas supply deal worth £10bn which it believes will greatly benefit the energy security of the UK in the future. The British Gas owner has confirmed a 20 year deal with Cheniere Energy Partners - the first time the UK has entered a formal agreement to receive gas supplies from ...

26 March

Ofgem faces 'Big Six' energy suppliers backlash over changes to tariffs

Electrical dischargeOfgem will push ahead with various reforms to the way in which energy firms present bills to their customers this week - despite renewed criticism from the 'Big Six' energy suppliers. The energy regulator will plough ahead with proposals to shake-up the way in which energy tariffs are presented by suppliers - a move endorsed ...

25 March

UK gas supply at three year low - backup supply shipped in from Qatar

Burning Gas OvenBritain's gas supply is running dangerously low according to new reports. After an exceptionally chilly March, the country may now have to rely on supplies from Norway and Russia and an emergency supply from Qatar has already been brought in - with more on the way. The warning comes at the same time as SSE ...

22 March

SSE's Ian Marchant: UK at risk of "lights going out" in the future

House inside a lightbulbThe boss of one of the 'Big Six' energy firms has warned the UK is at real risk of its "lights going out" unless further action is taken over the generation and supply of power. SSE chief executive, Ian Marchant, warned that the government was seriously underestimating the "capacity crunch" currently facing the country. Mr ...

20 March

Energy regulator Ofgem predicts more profits for 'Big Six' firms

House inside a lightbulbOfgem has predicted the 'Big Six' energy companies will make a record profit this year - despite the cost of energy on the wholesale market dropping. The energy regulator claims the average bill is now £1,420, with an estimated profit for next year now standing at £110 per household. The average household bill has risen ...

20 March

New EDF nuclear plants finally approved by Energy Secretary Ed Davey

Electricty pylonEnergy supplier EDF has officially been given planning permission for construction of a number of new nuclear power plants - the first to grace the UK in almost two decades. The decision on whether to go ahead with the two power plants at Hinkley Point, Somerset, has been a particularly protracted affair with a number ...

19 March

EDF plans for nuclear plants at Hinkley Point due for approval today

Electricty pylonEDF Energy's plans to construct a number of nuclear power plants in the UK looks to be finally coming to fruition after months of delays. The government will rule today (March 19) on whether to give the energy firm the green light for its £14bn project to construct two power plants at Hinkley Point in ...

18 March

Retired couple reject heating in favour of wooly jumpers and blankets

Green Energy PlugA retired couple from Devon decided to take action against increased energy bills by switching their central heating off altogether. Joanne and Jim Bell, from Yelland, near Barnstaple, have spurned heating in favour of wrapping up warm with extra layers of clothing and blankets. Mrs Bell said: "I am an old aged pensioner and my ...

15 March

Energy firm EDF drops civil action against No Dash For Gas campaigners

Electricty pylonEDF has dropped a £5m civil lawsuit against a group of activists who occupied one of its power plants in Nottinghamshire for seven days. The energy supplier had received a significant public backlash from the public over the action, but has now dropped the civil action as part of a settlement with the No Dash ...

13 March

E.On the latest 'Big Six' energy supplier to announce profit increase

Electrical dischargeE.On is the latest 'Big Six' energy supplier to post a profit rise this year - announcing a £2.6 billion net profit for 2012. The figures marked a 2.3% increase on the supply of energy to its UK residential customers, a profit of around £27 per duel fuel customer. The firm was the last of ...

11 March

Ofgem may longer fine national grid operators the £500m it intended to

Electricty pylonElectricity suppliers may be allowed keep hold of almost £500 million by Energy regulator Ofgem according to a new report - despite the fact they failed to meet targets over energy wastage. According to ThisisMoney, the energy watchdog has the power to claim up to £489m from the companies that operate the national grid - ...

08 March

Energy secretary Ed Davey: Green Deal interest rates not excessive

Green Energy PlugEd Davey has defended the interest rates on the Government's flagship Green Deal scheme. The energy secretary claimed that the interest rates of around seven per cent were not excessive. Speaking to delegates at Ecobuild, Mr Davey said: "I would not expect many people to apply for finance yet. It's a bit too early, "I ...

06 March

'Big Six' energy supplier npower announces 25% increase in profits

Burning Gas OvenEnergy supplier npower has announced a 25% increase in profits for the year. The news comes despite the fact the firm actually lost 70,000 customers. The huge increase in profits took the energy suppliers total earnings up to £390m in 2012 - £77m up on the £313m it made in 2011. Despite losing 70,000 customers ...

06 March

EDF talks with Government over nuclear power plants at 'crisis point'

Electricty pylonTim Yeo MP has warned talks between EDF and the Government are at 'crisis point' and could fail 'within weeks' due to a disagreement over the subsidy the provider would receive from its latest nuclear plant project. The chairman of the Energy Select Committee said the two were deadlocked over the subsidies the firm would ...

04 March

npower set to confirm double digit profit increase in its latest report

Blue flames of gasNpower is set to join fellow energy provider British Gas in announcing a double-digit profit growth later this week. The firm, owned by German RWE, will announce the figures during the presentation of its results on Tuesday (March 05). The energy supplier raised its energy bills by nine per cent last November, joining five out ...