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Residential Flexibility the Key to Decarbonisation

By : Business Save |September 28, 2018 |Energy, Energy Blog |0 Comment

Residential Flexibility the Key to Decarbonisation

British households could make savings of over £200 on their annual energy bills if there was more of a route to market for residential flexibility with regard to accessing grid balancing revenue streams, new research has revealed.

It is believed that consumers are being blocked from making such savings. This is due to current restrictions on residential flexibility. This includes taking advantage of energy storage devices as well as other renewable energy technology.

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Ofgem Price Cap Still Dividing Opinion

By : Business Save |September 26, 2018 |Energy, Energy Blog |0 Comment

Ofgem Price Cap Still Dividing Opinion

Ofgem’s latest price cap announcement – that should save UK consumers around £1 billion a year on their gas and electricity bills – has been dividing opinion even among energy industry experts.

The Government regulator for the gas and electricity markets wants to cap the annual energy bill for a typical dual fuel customer paying by direct debit at £1,136 with all suppliers obligated to cut their prices to the cap’s limit or below. Ofgem believe about 11 million households currently on default deals or standard variable rates will save an average of £75 per year once the cap is in place. Any customers stuck on the most expensive tariffs might even save over £120.

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Energy Supplier Makes Third Price Hike This Year

By : Business Save |September 24, 2018 |Energy, Energy Blog |0 Comment

Energy Supplier Makes Third Price Hike This Year

One of Britain’s newest energy suppliers have been forced to raise their prices for a third time this year. With the blame laid squarely at the door of rising wholesale prices.

Bulb Energy has been in business for only three years. However they have managed to amass approximately 750,000 customers on a single ‘vari-fair’ tariff. A tariff which utilises renewable energy. All of their customers will now see a typical bill rise of about £8.50 per month. This is after having just experienced the latest price rise in June.

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Collective Energy Switch Trial a Success

By : Business Save |September 21, 2018 |Energy, Energy Blog |0 Comment

Collective Energy Switch Trial a Success

A ‘collective switching’ test run by gas and electricity regulator Ofgem has proved a success. Elderly customers and those previously loyal to a particular energy supplier saving upwards of £261 on their annual energy bill each.

Approximately 50,000 people were involved in the collective switching trial. Eligible customers being those who had typically been paying for their energy via the same variable tariff for six years with one of the UK’s ‘Big Six’ suppliers.

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Five Million Households Face Energy Price Rise

By : Chris Tipping |August 31, 2018 |Energy, Energy Blog |0 Comment

Five Million Households Face Energy Price Rise

Approximately five million households in the UK are to see their energy bills rise by £47 per year. Though for once it is not because of the suppliers themselves raising their prices. This particular rise is because the energy industry regulator Ofgem is raising the safeguard limit. This is in response to the rising global and wholesale costs of supplying the UK’s energy. We explore the imapcts of the energy price rise below.

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Business Energy Suppliers

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

Business Energy Suppliers

For a lot of British businesses, energy costs account for a significant amount of their annual expenditure. This is why using an energy broker to identify the ideal supplier and tariff for the specific needs of your business remains one of the most effective ways to reduce overheads.

Finding the perfect tariff offered by the supplier with the most competitive rate isn’t the only service that an energy broker can provide though. (more…)

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British Gas Confirms New £44 Price Hike

By : Chris Tipping |August 22, 2018 |Energy, Energy Blog |0 Comment

British Gas Confirms New £44 Price Hike

British Gas has confirmed that they are raising the cost of the typical fuel bill of over three and half million of their customers. Raising it by an average of £44 which will be their second fuel bill increase of the year. Due to kick in from the beginning of October, it’ll mean a typical dual fuel bill will rise to about £1,205 a year.

This most recent price hike consists of a 3.8% rise in the standard variable tariff. Following on from the previous increase of 5.5% announced in April earlier this year, which kicked in from the end of May.

In total, British gas customers on the standard variable tariff will be paying an average of £104 more for their annual energy bills. More than they were just four months ago. (more…)

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Big Six Supplier to Cut Jobs in Response to Price Cap

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

Big Six Energy Supplier to Cut Jobs in Response to Price Cap

One of the UK’s Big Six energy suppliers is planning to axe around 500 jobs from its sites around the country. The German company enjoys one of the largest market shares for business energy in the UK and employs 9,400 here, but they say the job cuts are needed in order to reduce costs ahead of the proposed energy price cap due in December.

The cuts in E.ON staff are planned to occur in non-customer facing departments, with E.ON’s stated intention being to “improve efficiency” and “continue to innovate”. (more…)

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Why Use a Broker for Business Gas and Electricity

By : Chris Tipping |August 10, 2018 |Energy, Energy Blog |0 Comment

Why Use a Broker for Business Gas and Electricity

An energy broker can’t help you make more sales or attract new customers. BUT they can help you minimise expenses by finding the best energy deal for your business.

Ensuring you have the best tariff for your business purposes can be very rewarding. However it can also be time-consuming and confusing with so much information out there. That’s why a broker is often your best bet for getting a better energy deal. Here are five specific reasons why using a broker will benefit your business.

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How Climate Change Act Effects Energy Industry

By : Chris Tipping |August 07, 2018 |Energy, Energy Blog |0 Comment

How Climate Change Act Effects Energy Industry

The independent organisation which advises the Government on how to develop a low-carbon economy while preparing for climate change has published its latest progress report.

The report published by the Committee on Climate Change (CCC) is titled ‘Reducing UK Emissions 2018 Progress Report to Parliament’. It states that overall, emissions in the UK are down by 43% compared to the 1990 baseline. The report says that this reduction is primarily because of the excellent progress that has been made with regard to reducing the emissions from electricity generation.

The CCC also notes that reductions in other sectors have actually stalled during the stated period.

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