Despite suppliers raising energy prices, there was good news for British consumers as January saw inflation drop to 1.8%. This inflation decrease comes on the heels of the biggest month on month gas price fall for over thirty years.Read More
Around nine million UK customers (so far) are facing an energy price hike less than two months into 2019. Last year already saw all the Big Six suppliers make multiple price rises in anticipation of the Government’s price cap. With the default standard variable rate price cap in place since January 1st, many suppliers are already raising prices again.
The latest price hikes are due to an increase in the price cap only just introduced. That increase has been blamed on rising wholesale energy prices.Read More
Small Energy Suppliers Provide More Customer Satisfaction
Which? has revealed the results of their annual customer satisfaction survey, with good news for customers of small energy firms. They surveyed 8,000 energy customers about the customer service of their gas and electricity providers.
The results reveal that small providers are doing a much better job of satisfying their customers than the larger suppliers.Read More
Proposed Energy Supplier Merger Cancelled
The proposed merger between Big Six energy suppliers SSE and Npower has been abandoned. SSE had planned to merge its retail business with its energy supplying rival but has now withdrawn the proposal.
Had the companies merged, they would have combined to become the second largest energy supplier behind British Gas. However, ‘very challenging market conditions’ have put an end to their plans.
The major blow seems to have been struck by the recently implemented price cap.Read More
Ofgem to Increase Licensing Requirements for New Energy Firms
After a number of new energy suppliers folded over the past year, Ofgem have decided to update the licensing requirements. The UK’s industry regulator is tightening the rules for any firms seeking to begin trading in gas and electricity.Read More
Better Deals Available After Energy Price Cap Begins
The new energy price cap is in place now, but customers can still find better deals by shopping around. This is true even if households and businesses on standard variable tariffs are paying a fairer amount now.
The price cap should save around 11 million customers about £76 per year. However, there could be even more savings to be made by shopping around and finding supplier offering a better deal.Read More
SSE Business Energy has made moves to increase their presence as a renewable energy option. They have achieved this by renewing the verification of their flagship renewable energy tariff.
SSE’s green tariff has been independently analysed and verified by EcoAct, formerly known as Carbon Clear. The verification lasts for twelve months after which the tariff will need to be analysed and verified all over again.Read More
The first of a new wave of energy interconnectors is about to go online. The Nemo Link will connect the energy systems in the UK to the energy systems in Belgium.
The project has cost around £600 million and consists of a cable running along the seabed. The route it runs stretches for eighty miles between the two sites. The two places connected are Richborough in Kent and Zeebrugge in Belgium, which is the seaport and subdivision of Bruges. It is the first energy interconnector built since 2011 and the first linking the UK to Belgium.
Final testing is underway, and it is expected to be switched on and start transmitting power in early 2019.Read More