Energy switching up 31% this January

Switching energy suppliers in January was up 31% on last year. More than 345,000 customers moved to a different supplier in the first month of 2017, an increase of 80,000. That’s according to new data from Energy UK, which shows a trend of rising switching levels, with January’s figures higher than those seen in the last three years. The number of […]

npower increases energy prices by 9.8%

Energy supplier npower has announced it is increasing prices for householders by 9.8%. That would add £109 to the average dual fuel annual energy bill, increasing it to £1,188. It incldues a rise of 4.8% on gas and 15% on electricity. The new charges will come into effect on 16th March and will impact around […]

‘Inactive Big Six will sit back and wait for CMA fixes’

  The inactive Big Six will sit back and wait for the Competition and Markets Authority (CMA) fixes. That’s according to Ed Kamm, Managing Director of First Utility who spoke to ELN today after the CMA evidence hearing at Westminster. He said energy suppliers, particularly the Big Six, need to do more to help their customers get onto […]

SSE says financial targets on track despite losing customers

SSE lost customers to rival suppliers in the last few months of 2016 and struggled to keep up its renewable energy supply. However, the Big Six energy company said it remains on track to return to growth and deliver earnings per share of 120p for the full year. It lost 50,000 customers in the nine […]

EDF Energy to increase electricity prices, cut gas tariffs

EDF Energy has announced it will cut gas prices from January but increase electricity tariffs in the spring. Variable gas prices will be reduced by 5.2% from 6th January, knocking £29 a year from the average bill. Power prices will be frozen until 1st March, following which it will rise by 8.4%. That means EDF’s […]

Save up to £261 on energy bills… without switching suppliers

Energy consumers could save as much as £261 a year without having to move to a different supplier. A new league table comparing how much customers on a standard variable tariff are paying with the larger suppliers and deals available from the 10 cheapest energy firms have been published by Ofgem. It shows more than […]

British Gas to freeze energy prices this winter

British Gas has announced it will freeze its standard gas and electricity tariffs this winter. The UK energy supplier said the decision “will help bring some peace of mind to more than six million customers”. The average standard variable dual fuel bill paid by householders annually is £1,044. The Big Six supplier said its prices will […]

SSE’s finance MD to join Thames Water

Thames Water has appointed SSE’s Brandon Rennet as its Chief Financial Officer. Mr Rennet, Managing Director for Finance at the Big Six company, will replace Stuart Siddall in March next year. He has worked in the power sector for 14 years. His key achievements at SSE, where he has worked since 2007, include leading the […]

Big Six accused of hiding true profits

The Big Six energy firms have been accused of making profits seven times larger than publicly claimed. According to The Sun newspaper, a report produced for Energy UK by consultants PwC which looked at the finances of energy suppliers, misrepresents the true costs and profits associated with household power and heating bills. The firms have previously complained to the Competition and Markets Authority watchdog about low […]

SSE recognised for being transparent on tax

Energy company SSE has become the first FTSE 100 business to be awarded the Fair Tax Mark. The scheme aims to hold companies to account over their tax affairs and give recognition for responsible tax policies. The Big Six supplier has been awarded the mark for the third year in a row, which confirms it […]