Energy Prices
Labour claim energy consumers deserve compensation if savings are not passed on
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.
Homeowners choose to go cold this winter due to the rising cost of energy
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 report has revealed that Londoners are significantly less likely to switch their energy tariffs
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 implements gas price freeze until April 2015
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 ...
nPower's chief exec blames Labour price freeze plans for high energy prices
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 ...
UK energy prices rising faster than in most countries in developed world, study finds
A new study has found energy prices are rising at a faster rate in the UK than in the majority of developed nations. Conducted by the House of Commons Library and based on figures provided by the Department of Energy and Climate Change (DECC), it highlighted that domestic gas and electricity prices have risen by ...
Energy bills take priority in homes across Europe
A recent study has found that homeowners are more likely to prioritise their energy bills over their rent or mortgage. Conducted by multinational retail company and B&Q owner, Kingfisher, the European Home Report 2014 features the responses of 17,000 households across nine European countries. Sixty-five per cent of the respondents stated that the rising costs ...
Ofgem criticises 'Big Six' for not handing down savings to customers
Ofgem 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 ...
British Gas doesn't expect energy prices to rise in 2014
Centrica, 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 ...
Co-operative Energy implements energy price rise of £27 per year
Co-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 ...
