Energy Prices

12 June

Ofgem criticises 'Big Six' for not handing down savings to customers

Burning Gas OvenOfgem has slammed the UK's 'Big Six' energy suppliers over their failure to amend energy bills in line with a fall in wholesale prices in an open letter to the firms. The energy regulator claimed the firms risk 'undermining public confidence' with their inaction and should explain to customers exactly why the savings from falling ...

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 ...

28 April

Co-operative Energy implements energy price rise of £27 per year

LightbulbCo-operative Energy has announced that its energy prices will increase by 2.4 per cent. Going against the energy price reductions implemented by many energy suppliers, Co-operative has hiked prices by £27 per year for customers on its variable tariffs. The higher prices will come into effect on 27 May (2014). Its typical dual fuel bill ...

26 March

SSE to freeze gas and electricity prices until 2016

LightbulbSSE has announced that it will freeze its domestic gas and electricity prices until 2016. The big six energy supplier revealed that the move would reduce its profits. As a result it has said  around 500 jobs will be cut, and  plans to construct three offshore wind farms postponed to make up for the expected ...

04 March

Good Energy to increase dual fuel tariff price by 2.2%

Green Energy PlugGood Energy has announced that it will implement a price increase on its domestic dual fuel tariff. The green energy supplier revealed on Friday (28 February) that the tariff would rise by 2.2 per cent on 2 April, seeing the average cost of energy for customers hit £1,199 per year. Whereas the majority of energy ...

11 February

Davey urges Ofgem to take action if energy firms are overcharging customers

Gas hob 2Ed Davey has called on UK energy regulator Ofgem to look into the 'Big Six' energy suppliers gas profits: Demanding radical change if the firms are found guilty of overcharging customers. The energy secretary has even gone as far as to urge Ofgem to consider breaking some of the companies up - if the accusations  ...

07 February

MP accuses energy suppliers of 'ripping off' bill payers who pay in cash

Electrical dischargeThe UK's energy suppliers have been accused of 'ripping off' bill payers who use other methods to pay rather than Direct Debit. Figures from the government have revealed many homeowners paying through alternative methods such as cash or cheque are typically paying more than £114 a month more than those who used automated payments. The ...

10 January

Npower set to reduce energy bills by 2.6% by end of February

Burning Gas OvenEnergy firm npower has confirmed it will reduce energy bills by 2.6% - the last of the 'Big Six' to do so. A spate of 'Big Six' energy suppliers have already begun to reduce their gas and electricity bills - which in many cases were only raised at the tail end of last year - ...

09 January

Survey reveals plight of pensioners in face of increasing energy bills

House inside a lightbulbA national survey has revealed one in ten pensioners are forced to stay in bed longer to keep warm following price rises by the 'Big Six' and other energy suppliers. One in eight participants in the Saga survey also suggested they would stop using certain parts of their home altogether in order to keep bills ...

08 January

ScottishPower Cuts Energy Bills By 3.3%

Electricity PylonScottishPower has revealed that it will reduce its energy prices by 3.3 per cent later this month. The big six energy supplier will cut the prices of its standard dual-fuel tariffs from January 31 as a result of changes to the Government's green levies. The reduction will affect around 2.2 million householders. An average householder ...