British Gas price rise adds to lack of trust

Consumer Focus have said British Gas’s recent 18% price rise will push hundred of thousands of households into fuel poverty. Unless Ofgem step up with strategic measures to make energy pricing fair, the market will continue to fail the consumer. Mike O’Connor CBE, Chief Executive of Consumer Focus said: “Consumers simply don’t trust that energy […]

Independent energy provider calls for tougher regulator

Following yesterday’s meeting between the Department of Energy and Climate Change and new energy providers, a new energy provider called for tougher action from Ofgem in making a better marketplace for customers Stephen Fitzpatrick, Founder and Managing Director of Ovo Energy, said: “UK families don’t want too much, just to pay a reasonable price for […]

OPEC official pans IEA oil release

A senior official at the Organisation of Petroleum Exporting Countries has panned the International Energy Agency’s recent oil release, according to reports. Abdullah al-Badri, OPEC Secretary General said: “I hope this practice will be stopped immediately. We don’t see a good reason to release this quantity and I hope the IEA will refrain from using […]

£20m for marine tech

The UK government has pledged £20 million to go toward developing marine technologies. Expected to start next spring, the money will support two projects in testing prototypes in array formations- the final development stage in generating large scale electricity from marine power prior to commercial roll out. Climate Change Minister Greg Barker said: “Marine power […]