Mixed reactions to May’s energy price cap pledge

There have been mixed reactions to Prime Minister Theresa May’s pledge to introduce a draft bill next week to put a cap on energy bills. Trade body Energy UK believes it is important growth of competition and market engagement is not halted. Chief Executive Lawrence Slade said: “One of the major contributors to high energy […]

Queen’s Speech: Reactions from industry

Some in the industry have expressed disappointment about the government’s lack of commitment to the energy price cap as it was not mentioned in the Queen’s Speech today. Green energy supplier Bulb believes the price cap is necessary for householders to benefit from cheaper bills. Co-founder Hayden Wood said: “A cap would be a big […]

Smart meter rollout ‘to cost £1bn more than government estimates’

The government’s smart meter rollout could cost £1 billion more than previously predicted, taking the total cost to £12 billion. That’s according to new research from the Big Deal and ITV. Smart meters, which will be rolled out in 52 homes and businesses by 2020, replace traditional gas and electricity meters and send readings directly […]

Collective power: Cheapest energy tariff at £892

A new energy tariff claimed to be the cheapest fixed deal on the market is on offer for 10,000 customers. It stands at £892 per year for an average dual fuel household – more than £260 lower in comparison to the Big Six average standard tariff. First Utility is offering the tariff under the Big […]

Big Deal “cuts cheapest energy price for 10,000”

Collective bargaining campaigners at The Big Deal claims to have cut the cheapest two year fixed deal on the market for 10,000 people. The group claims it’s the first time a collective switch has created a new “market beating” tariff. Independent supplier Green Star Energy is offering an average £1,055 per year compared to Ofgem’s […]