British Gas has made a sweeping saving for over 6.9million of its consumers by announcing its second price reduction in six months.
The Government has axed the plan to make all new build houses carbon neutral by 2016. Planners and activists are up in arms about the radical decision that could result in unchanging high energy bills.
CMA report finds that the big six have been overcharging us by almost £2billion – over 70% of consumers are on the wrong tariff.
The big six have come under fire after the most recent investigation from the Competition and Markets Authority (CMA). The CMA has found some seriously damning evidence in regard to the prices consumers are paying for their energy.
When energy tariffs expire, customers are typically rolled onto suppliers standard tariffs which are usually their most expensive tariffs available.
A recent report has found that energy consumption in the UK has fallen in 2014, but the average cost of a households energy bill has risen. Scott Byrom explains why this might be.
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.