Energy Suppliers

08 April

Energy ombudsman: Complaints against energy suppliers up 224% in 2014

Blue flames of gasComplaints against energy suppliers in the first three months of 2014 have risen a staggering 224% up on the same time last year it has emerged. The figures from the energy sector's ombudsman show complaints trebled to 10,638 from a figure of 3,277 during the same period last year. With the latest statistics showing the ...

07 April

SSE boss admits energy industry needs to accept stronger regulation

LightbulbThe chief executive of SSE has stated that the energy industry needs to embrace proposed market reforms and accept tougher regulation. Alistair Phillips-Davies made the comments whilst speaking at the Energy, Politics and the Consumer event organised by Cambridge University and YouGov. Speaking at the event in London, Mr Phillips-Davies stated: "As privatised utilities, we ...

25 March

UK energy suppliers rally against pending competition inquiry

Electrical dischargeA number of UK energy suppliers have protested against the possibility of an industry wide inquiry - claiming the number of operators is the highest it has been in more than 15 years. The firms are on the defensive following news Ofgem, the UK energy regulator, is expected to recommend an inquiry into both the ...

11 March

SSE and UKPN to be investigated by Ofgem following Christmas power cuts

Electricity PylonTwo energy suppliers are to be investigated by industry regulator Ofgem for their responses to the storms that left thousands of UK homes without power at Christmas last year (2013). Around 16,000 homes in total lost electricity during the storms. The majority were reconnected within 24 hours according to Ofgem. However, Scottish and Southern Electric ...

06 March

npower owner RWE posts first loss in more than 60 years

Power stationThe German owner of big six energy supplier npower has warned that stronger market competition is likely to lead to reduced profits in 2014. RWE posted a net loss of €2.76 billion last year (2013), having previously registered a profit of €1.31 billion in 2012. It is the first time RWE has posted a loss ...

28 February

Ofgem Tells Energy Suppliers To Trade Fairly With Smaller Firms

electricity pylon 2Energy industry regulator Ofgem has warned the UK's big six energy companies that they will face heavy fines if they don't trade fairly with smaller energy suppliers. Under Ofgem's new plans resellers will also be obliged to publish their wholesale energy prices two years in advance, making it easier for the smaller firms in the ...

20 February

Centrica announces British Gas profits dropped six per cent in 2013

LightbulbBritish Gas profits have dropped six per cent to £571m in 2013 according to the latest report from its parent company Centrica: By comparison, last year the profits stood at £606m. Despite the loss in profits however, Centrica's overall revenue in 2013 rose 11% to £26.6bn, with British Gas also seeing a rise in revenue. ...

14 February

Green energy supplier Ecotricity launches Green Electricity + Car tariff

Electrical dischargeOne of the UK's green energy suppliers has launched a new electricity tariff that will provide owners of electric vehicles with 1,000 free miles worth of electricity each year. Ecotricity's Green Electricity + Car will also provide consumers with home electricity. Those signed up for the tariff will also gain access to Ecotricity's the Electric ...

13 February

Good Energy sees positive results during second half of 2013

Green Energy PlugGood Energy has registered positive results for its energy supply and generation businesses during the second of 2013. The Wiltshire-based company, which was founded in 2003, has seen the number of electricity customers it supplies increase by around 6,000 - rising from 34,000 during the first half of 2013 (H1) to 40,000 in the second ...

12 February

ScottishPower to consider pumped storage hydroelectric dam expansion

Electrical dischargeScottishPower is set to consider an expansion to its pumped storage plant that would enable it to boost its hydroelectricity supply in Scotland. The big six energy supplier's engineers are reportedly set to conduct a study into the feasibility of such a project. Parent company of ScottishPower, Iberdrola's chairman and chief executive revealed that talks ...

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more