Millions of people across the UK are living in poverty as they cannot afford their energy bill. New Government legislation aims to fix that.
As Scottish Power announce a large increase in profit, British Gas have suffered with the falling price of oil and gas. However, despite this bad news, British Gas are teasing further price cuts for their customers.
Today the CMA have published their findings following an investigation into energy prices, concluding that domestic energy consumers are spending up to 30% more than they need to.
Prices from the big six have been cut, but after a recent study it has come to light that we could still be saving more.
Opinions are being weighed in from our own Scott Byrom, energy expert, Dr Richard Westoby, Director of retails economics at SSE, leading Ofgem and the Competition and Markets Authority to step in.
Bristol based energy supplier OVO energy has revealed what savings are possible, thanks to the falling price of gas, by cutting their prices by 10.4%. This is over double the price cuts that have been recently announced by bigger suppliers, such as British Gas.
Labour front bencher and Shadow Energy Secretary Caroline Flint has criticised energy companies for not passing on savings from the faling wholesale cost of gas onto consumers, claiming compensation needs to be paid.
A rise in the cost of energy has resulted in many households having to sacrifice heating to save money on their domestic energy bills this winter.
A new report has suggested that residents in London are significantly less likely to switch their energy supplier. Scott Byrom, energy expert, suggests that the high proportion of rental properties in the country's capital is to blame.
SSE Airtricity has announced that it will freeze its gas prices for its customers in Northern Ireland until April 2015. The move comes after a the electricity and gas supplier and the Northern Irish industry regulating body, Utility Regulator, conducted a half-yearly review into current pricing strategies. As a result, SSE Airtricity has effectively given ...
The chief executive of big six energy supplier nPower has stated that it has not reduced its energy prices due to Labour's plans to implement a price freeze. Paul Massara made the claim in a letter to energy market regulator Ofgem. Labour leader, Ed Miliband, said almost a year ago that the party would implement ...