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One Million UK Customers See 5.3% Price Hike

By : Chris Tipping |June 18, 2018 |Energy, Energy Blog |0 Comment

Approximately one million customers of energy giant Npower are about to be hit with an average energy bill increase of 5.3%, with the price hike set to kick in from June 17. The price rise is specifically for Npower’s typical dual fuel tariffs, which will see the average annual energy bill increase by £64, with there being no difference between the various payment options (as has sometimes been the case).

The price rise works out at 4.4% for gas and a 6.2% for electricity, resulting in the 5.3% overall average percentage price rise. (more…)

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How to Avoid Paying Exit Fees When Switching Energy Supplier

By : Chris Tipping |June 15, 2018 |Energy, Energy Blog |0 Comment

Many utility providers charge a fee when their customers opt to switch to a different provider. These exit fees can be prohibitive for many people, adding an extra cost to the process of switching energy supplier which they can’t or don’t want to afford.

It is usually fixed contracts which incur an extra charge (sometimes called a termination fee) if the customer wishes to end the contract early, so the best way to avoid such charges is to avoid the kind of contracts that include them. If you are already stuck on a fixed term contract, you will likely have to tough it out and make the switch once the current contract has run its course, though not necessarily.

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100,000 British Gas Customers Switch Supplier So Far This Year

By : Chris Tipping |June 12, 2018 |Energy, Energy Blog |0 Comment

The UK’s largest energy supplier, British Gas, had lost more than 110,000 customers since the start of the year, according to parent company Centrica. And that is before the above-inflation price rise of 5.5% kicks in at the end of May which is predicted to cause another wave of customers switching to a different supplier.

Once the much-derided price rises takes effect, which will see the average UK home paying around £1,161 a year on their energy bills, it believed the numbers of customers switching to alternative energy suppliers will increase even further. The expected loss of even more customers is hardly surprising as the price hike attracted criticism from all quarters including the government as well as consumer groups.

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Wind and Solar Overtake Nuclear for UK Electricity Production

By : Chris Tipping |May 25, 2018 |Energy, Energy Blog |0 Comment

Electricity generation in the UK has seen contributions from wind and solar power technologies overtake that of nuclear power for the first time in history. The various solar panel installations and both onshore and offshore wind farms located all around the country now produce more electricity than the eight nuclear power stations combined, which has led to calls for the government to abandon its support of the nuclear sector.

Also lending support to the renewable energy cause is the fact that greenhouse gases produced by Britain have dropped significantly over the same period. This reduction in greenhouse gas emissions is driven primarily by the increase in the use of renewable energy technologies such as wind and solar, alongside a general decrease in the use of coal compared to other energy sources. (more…)

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How to Compare Energy Suppliers to Find the Best Business Tariffs

By : Chris Tipping |May 15, 2018 |Energy, Energy Blog |0 Comment

Comparing energy suppliers to identify the best tariff for your business needs is easier than ever thanks to comparison websites that complete the process with just a few clicks.

There are various cost-effective tariffs which are tailored to a particular business model’s specific requirements, and these can be quickly and easily identified through the comparison tools available online. By switching tariffs, or suppliers entirely, you can ensure you are the getting the best possible energy prices for your business. (more…)

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Energy Firms Warned to ‘Embrace Smart Meter Rollout’

By : Chris Tipping |May 09, 2018 |Energy, Energy Blog |0 Comment

The independent organisation charged with educating the nation about the smart meter roll out due to be completed by 2020 has warned energy suppliers that they risk going out of business if they continue installing the meters at the current pace, which is understood to be too slow to meet its target.

While most energy suppliers, especially the Big Six, have publically supported the government’s plan to provide smart meter technology to every household and business in the UK within the next two and a half years, many have implemented a very slow process to achieve the switch. The scheme will cost £11 billion in total, and it is believed the go-slow tactics employed by some energy suppliers are due to the significant cost of providing smart meters to all their customers. (more…)

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Big Six Energy Suppliers in ‘Cynical’ Tariff Increase

By : Chris Tipping |May 02, 2018 |Energy, Energy Blog |0 Comment

A significant proportion of Britain’s most vulnerable households are to see their energy bills rise by an average amount of £57 per year. This particular rate increase applies to pre-payment meters, with five of the big six having already raised the tariffs on them to within just £1 of the government’s recent price cap amendment to £1,089. It is believed the sixth Big Six energy firm, SSE, will be following suit presently.

The five million households considered the most vulnerable include householders who have previously fallen behind with their payments, as well as many tenants living in rented accommodation. (more…)

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Why Energy Suppliers Are Raising Prices

By : Chris Tipping |April 24, 2018 |Energy, Energy Blog |0 Comment

Many households and businesses in the UK will be noticing an increase in their energy bills covering the early part of this year, particularly February which saw the country enveloped in an especially cold snap. Obviously, this is partly due to the extra energy consumed battling the unusually low temperatures, but some energy suppliers have been increasing their rates as well. (more…)

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Record Number of Households Switch Energy Supplier

By : Chris Tipping |April 17, 2018 |Energy, Energy Blog |0 Comment

The recent cold weather has led to a record number of customers switching their energy supplier, says the UK trade body Energy UK. The February cold snap saw energy bills soar for the average customer such as households and small businesses which appears to have prompted a surge in supplier switching activity.

The total amount of customers who switched energy suppliers last month has been rounded out at 660,000, which Energy UK says is a new monthly record. Compared to the same month last year, that is an increase of 60% and means that so far in 2018, the number of people switching energy supplier is equivalent to the entire population of the city of Birmingham, according to Energy UK. (more…)

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Ofgem Bans Back-Billing by Energy Suppliers

By : Chris Tipping |March 28, 2018 |Energy, Energy Blog |0 Comment

The UK’s energy watchdog will soon be introducing a ban on energy suppliers back-billing customers for energy used over a year before the period being back-billed. Assuming the customer has either provided or been willing to provide meter readings and has otherwise acted in good faith, then their energy supplier will be deemed to be the one at fault and thus the period they can back-bill for has been set at a maximum of twelve months.

Any electricity or gas used prior to that twelve-month period that hasn’t been charged for by the energy supplier will no longer be able to be charged for, unless the customer has actively prevented their meter from being read. The ban will come into force in May and will apply to small businesses as well as domestic customers. (more…)

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