Energy Suppliers

19 November

Energy firms are failing to adequately explain tariff comparison rates according a new study

A new study has found that Ofgem's attempts to simplify energy switching have fallen short of expectations. Scott Byrom suggests that more needs to be done to help consumers understand which tariff is cheapest for them.

24 October

Energy consumers could be missing out on £100 compensation from suppliers

Half a million households with unresolved complaints against energy suppliers are not taking their complaints to the ombudsman, and are potentially missing out on a compensation payout of around £100.

13 October

Energy companies reject 1,000 authentic customer complaints every week

New data shows that the number of customer complaints being rejected or ignored by energy companies has almost tripled in the last year.

10 October

The Big Six on Track to Speed Up Switching

It was announced this week the that Big Six energy suppliers are on track to speed up switching times by the end of the year.

29 August

E.ON seeking investment for renewable energy projects

Green Energy - Turbines WindmillsE.ON has revealed that it's seeking investment to support its renewable energy projects. The German company and owner of big six energy supplier E.ON UK is currently managing $39.2 billion worth of debt, which has resulted in it reducing the amount it invests in renewables. Europe's renewable energy generation has grown significantly, and is said ...

28 August

SSE to spend £2.5m to silence noise from Highland sub-station

Electricity power lines at nightSSE is set to spend £2.5 million on silencing the noise created by its new sub-station in the Scottish Highlands. The Wester Balblair sub-station was constructed to feed the electricity generated by local renewable energy projects into the National Grid. However, local residents complained it created a constant buzzing noise - which they dubbed the ...

27 August

Al Gore's Generation Investment Management invests £8m in Ovo Energy

Electricity PylonFormer US vice president and environmental activist Al Gore has invested £8 million in Ovo Energy through his sustainable investment fund. Generation Investment Management, a fund established by Mr Gore back in 2004, was known to be in talks with the Bristol-based energy supplier late last year (2013). A deal was agreed in January, however, ...

21 August

Fall in profits and increasing customer complaints for Npower

LightbulbNpower has reported a 38 per cent drop in profits for the first half of 2014. The big six energy company saw its profits, before tax and debt interest payments, drop to £109 million - from £176 million in the first half of last year. The rising cost of the government's energy efficiency scheme and ...

04 August

Centrica reveals British Gas profits down for 2014's first half

LightbulbBritish Gas' profits have fallen during the first half of this year its owner Centrica has announced. The big six energy supplier's operating profit from its residential supply arm fell to £265 million for the first half of this year. It attributed the fall to the considerable spells of warm weather the UK has experienced ...

30 July

ScottishPower sees energy customer figures remain at a steady level

Electricty pylonScottishPower has revealed that it's been able to retain its customer levels during the first half of this year. Owned by Spanish company Iberdrola, the energy supplier revealed that its customer base remained at 5.6 million - the same amount it registered in June and December of last year (2013). In total, 2.2 million of these ...

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