Business Save https://www.businesssave.net Save money on your business energy! Wed, 17 Apr 2019 13:35:53 +0000 en-GB hourly 1 https://wordpress.org/?v=4.9.10 Ofgem Proposes End to Npower’s Switching Trial https://www.businesssave.net/energy-blog/ofgem-proposes-end-to-npowers-switching-trial/ Wed, 17 Apr 2019 13:35:53 +0000 https://www.businesssave.net/?p=4182 Ofgem Proposes End to Npower’s Switching Trial The UK energy industry regulator Ofgem has proposed an end to the provisional order imposed on supplier Npower last November. The provisional order was introduced to force the supplier to co-operate with Ofgem’s Active Choice Collective Switch Autumn Trial. However, the energy supplier’s reluctant conduct throughout the trial […]

The post Ofgem Proposes End to Npower’s Switching Trial appeared first on Business Save.

]]>
Green Energy Supplier Posts £1.1m Profit https://www.businesssave.net/energy-blog/green-energy-supplier-posts-1-1m-profit/ Tue, 09 Apr 2019 13:32:10 +0000 https://www.businesssave.net/?p=4180 Green Energy Supplier Posts £1.1m Profit One of the UK’s green energy suppliers has reported a continuing operations profit of over a million pounds for 2018. The Good Energy Group serviced almost 260,000 customers last year, an increase of 0.2% on their 2017 customer numbers. Although Good Energy’s operations profit of £1.1m is actually down […]

The post Green Energy Supplier Posts £1.1m Profit appeared first on Business Save.

]]>
Ofgem Must ‘Effectively Respond’ to Customer Concerns https://www.businesssave.net/energy-blog/ofgem-must-effectively-respond-to-customer-concerns/ Mon, 01 Apr 2019 13:31:52 +0000 https://www.businesssave.net/?p=4178 Ofgem Must ‘Effectively Respond’ to Customer Concerns An official report has criticised UK regulators, demanding that they do more to ‘effectively respond’ to consumer concerns. The criticism is aimed at all four of the UK’s industry regulators, including energy regulator Ofgem and water regulator Ofwat. The report was published recently by the National Audit Office […]

The post Ofgem Must ‘Effectively Respond’ to Customer Concerns appeared first on Business Save.

]]>
Small Energy Suppliers Boosted by Rival Closures https://www.businesssave.net/energy-blog/small-energy-suppliers-boosted-by-rival-closures/ Fri, 22 Mar 2019 13:27:46 +0000 https://www.businesssave.net/?p=4175 Smaller energy suppliers in the UK received a welcome boost as several of their rivals closed for business. As some smaller suppliers collapse, the surviving suppliers are absorbing their customers and experiencing significant growth as a result. The numbers of displaced customers absorbed by surviving firms could even be enough for them to challenge the […]

The post Small Energy Suppliers Boosted by Rival Closures appeared first on Business Save.

]]>
Npower Cuts 900 Jobs Due to ‘Intense Competition’ https://www.businesssave.net/energy-blog/npower-cuts-900-jobs-due-to-intense-competition/ Thu, 14 Mar 2019 13:25:31 +0000 https://www.businesssave.net/?p=4173 Fears that Npower’s financial difficulties would lead to job cuts are coming true. The firm recently announced it is planning to reduce its workforce by 15% due to ‘intense competition’. The other main reason cited was the recently implemented default tariff price cap. However, this second reason has been rendered less impactful by the recent […]

The post Npower Cuts 900 Jobs Due to ‘Intense Competition’ appeared first on Business Save.

]]>
Inflation Drops Despite Supplier Price Rises https://www.businesssave.net/energy-blog/inflation-drops-despite-supplier-price-rises/ Tue, 05 Mar 2019 13:23:28 +0000 https://www.businesssave.net/?p=4171 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. Consumer Prices Index Lowest for Two Years The Consumer Prices Index was as high as 2.1% […]

The post Inflation Drops Despite Supplier Price Rises appeared first on Business Save.

]]>
Energy Price Rises for Millions of Customers https://www.businesssave.net/energy-blog/energy-price-rises-for-millions-of-customers/ Wed, 27 Feb 2019 13:18:59 +0000 https://www.businesssave.net/?p=4169 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 […]

The post Energy Price Rises for Millions of Customers appeared first on Business Save.

]]>
Small Energy Suppliers Provide More Customer Satisfaction https://www.businesssave.net/energy-blog/small-energy-suppliers-provide-more-customer-satisfaction/ Thu, 21 Feb 2019 12:32:19 +0000 https://www.businesssave.net/?p=4166 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 […]

The post Small Energy Suppliers Provide More Customer Satisfaction appeared first on Business Save.

]]>
Proposed Energy Supplier Merger Cancelled https://www.businesssave.net/energy-blog/proposed-energy-supplier-merger-cancelled/ Wed, 13 Feb 2019 12:09:41 +0000 https://www.businesssave.net/?p=4164 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 […]

The post Proposed Energy Supplier Merger Cancelled appeared first on Business Save.

]]>
Ofgem to Increase Licensing Requirements for New Energy Firms https://www.businesssave.net/energy-blog/ofgem-to-increase-licensing-requirements-for-new-energy-firms/ Thu, 07 Feb 2019 12:07:10 +0000 https://www.businesssave.net/?p=4162 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. New Energy Suppliers Ceasing Trading Ofgem believe […]

The post Ofgem to Increase Licensing Requirements for New Energy Firms appeared first on Business Save.

]]>