2014 May news archive


29 May

Energy UK warns consumers of fraudulent Green Deal traders

House inside a lightbulbEnergy UK has warned homeowners to watch out for rogue traders using the Green Deal to potentially con them out of thousands of pounds. The representative of the UK energy industry called for more awareness on such sale scams as part of the Scams Awareness Month and Doorstep Selling Week. While the Green Deal has ...

27 May

Study: 80% of small businesses say energy firms 'don't care' about them

PlugA huge percentage of small businesses are unhappy with their 'Big Six' energy supplier new research has found. The study by the Federation of Small Businesses found a staggering 80% of those surveyed suggested power companies simply "do not care" about their needs. In the research 1,400 small businesses gave their verdict on the energy ...

23 May

'Big Six' energy supplier SSE posts record breaking profits of £1.55bn

Gas hob 2The 'Big Six' energy supplier SSE has reported a 9.6% rise in annual pre-tax profits to a record figure of £1.55bn for the year to 31 March. Despite overall profits being up however, the firm's retail business saw a significant 28.6% annual drop in operating profit - down to £292m. Last November SSE increased its ...

22 May

Ofgem orders ScottishPower to pay price gap penalty

Electricty pylonScottishPower has been ordered to pay a £750,000 penalty by industry regulator Ofgem following an investigation into the difference in price paid by customers depending on their payment method. Under Ofgem rules, energy suppliers are allowed to charge customers different prices if they use a different payment method, such as Direct Debit or by cheque. ...

20 May

Ofgem hits npower with £120,000 fine over data reporting error

Electrical dischargeOfgem has fined the 'Big Six' firm npower £120,000 due to a data reporting error. The energy regulator fined the firm for wrongly reporting data between the period of 2010-2013 regarding its Renewables Obligation (RO) scheme and Feed-in Tariff. The RO scheme relates to power companies sourcing a set amount of electricity from renewable energy ...

19 May

Report claims Britain to run out of fossil fuels in five years' time

Yellow flameNew research has suggested Britain will run out of fossil fuels such as oil, coal and gas in as little as five years. The report from the Global Sustainability Institute claims the shortages will increase the country's dependency on imports from Russia, Norway and Qatar. Britain has 5.2 years of oil, 4.5 years of coal ...

16 May

E.On hit with record £12m mis-selling fine by Ofgem

Cooking surface and gas ringsThe 'Big Six' energy supplier E.On has been hit with a record-breaking £12m fine over mis-selling. Ofgem hit the energy giant with the huge fine after conducting a number of mis-selling investigations: Of which resulted a £3.5m penalty for Npower back in December 2013. The energy regulator claimed the size of the fine was decided ...

15 May

Government set to cut support for new solar farms above 5MW

Green Energy - Solar PanelsThe Department of Energy & Climate Change (DECC) is to scrap its support for solar farms of a capacity above 5MW from April 1, 2015, it has announced. Such solar farms will now have to compete with other renewable energy sources for financing: This has resulted in condemnation of the move from a host of ...

14 May

nPower tops energy complaints league table

PlugNew research conducted by the Citizen's Advice Bureau has found that nPower was the most complained about big six energy supplier in the UK from October to December 2013. The supplier has sat at the top of the table since the end of 2012. It received 306 complaints for every 100,000 customers - almost ten ...

12 May

British Gas doesn't expect energy prices to rise in 2014

Electrical dischargeCentrica, the owner of big six energy supplier British Gas, has stated that it expects to keep gas and electricity prices at the current level for the remainder of 2014. The announcement came as it admitted that British Gas had lost 180,000 residential accounts since the beginning of the year - leaving customer numbers at ...

09 May

Good Energy invests in tidal lagoon project

Green Energy PlugGood Energy has invested in a pioneering £850 million tidal lagoon project located in Wales. The green energy supplier has taken a stake of £500,000 in Tidal Lagoon (Swansea Bay) PLC, the company responsible for the development in Swansea. It's also secured the option to purchase 10 per cent of the 495GWh (gigawatt hour) of ...

07 May

Study: 1,000 projects not needed as UK has passed renewable energy quota

Green Energy - Turbines WindmillsA new study has suggested Britain has already approved more than enough renewable energy projects to hit targets imposed by the EU. The Renewable Energy Foundation report claims this means more than a 1,000 projects still in the pipeline are effectively surplus to requirements according to analysis. The UK has an EU target of 15% ...

06 May

Newcastle University study claims energy is too cheap, causing wastage

Electricity PylonA new study has made the bold claim energy in the UK is actually too cheap. A group of academics at Newcastle University have challenged the existing market-based approach of the government, suggesting it is too cheap and consequently leading to more waste. Professor Phil Taylor, who led the research, said: "The current pricing model ...

02 May

Survey: 73% of businesses fail to take energy costs into consideration

Electrical dischargeAlmost three quarters of businesses fail to adequately keep an eye on energy costs a new survey has revealed. Of the 250 highly placed officials interviewed, almost 60% had no idea how much their energy bills had increased over the last five years. This comes in spite of the intense media scrutiny energy suppliers including ...