Cold weather could trigger more fuel payments

The fall in temperatures could lead to a rise in fuel payments to help people with the cost of heating their homes this week, the Department for Work & Pensions said. The Cold Weather Payments are made when the temperature is either recorded as, or forecast to be, an average of 0°C or below over […]

Good renewable output pushes power price down

A decent chunk of electricity from renewable energy sources today is helping cap power prices for next month, suggests the daily market report from npower. Steve Walker, Client Portfolio Manager at npower said: “Markets have dipped this morning with key drivers being an oversupplied prompt gas market, demand beginning to fall after the recent cold […]

SSE profits rise and warns of more energy price hikes

Energy supplier SSE has announced a rise in profits for the last 12 months due to the prolonged cold weather despite disruption to its services and a fine from regulators. Its year-on-year profits rose 27.5%, with retail operating profits up from £321.6 million to £410.1 million and reported pre-tax profits of £1.4 billion from April […]

Plan ahead for winter ‘triads’, large energy users warned

Large energy users are being warned to start planning ahead for their winter energy needs now if they want to keep costs down. Businesses need to be especially on their guard for the next “triads”, the charges which are based on firms’ average half hourly electricity usage during the UK’s three national system peaks. Energy […]