UK’s largest water firms ‘didn’t do enough against Beast from the East’

Water regulator Ofwat said a lack of proper emergency responses caused ‘significant hardship’

Current cold spell ‘sets gas demand soaring’

The current cold spell sweeping Europe could see temperatures fall by as much as 12°C below seasonal norms and has already set gas demand soaring. That’s according to a new report from analytics business S&P Global Platts, which suggests storage levels are becoming depleted across the continent. It says wholesale gas prices, which are strongly […]

The elderly feel the chill from bills this winter

  Cold temperatures this winter are making older people across the UK worry about their health and finances. That’s according to a survey of 2,000 respondents aged above 65 by comparethemarket.com, which suggests more than two-fifths of this group are worried cold weather will lead to higher energy costs. As many as 11%, totalling around […]

Inefficiency means ‘renters overpaying by £13m a month’

Pockets of inefficient rented housing in the UK mean tenants are overpaying on energy by around £13 million every month. That’s according to a new study by insurance firm AXA, which suggests despite UK landlords generally making significant energy efficiency improvements in the last two years, as many as 200,000 homes could still be in breach […]

Inenco Y Report – 7th February 2017

Inenco brings you the weekly Y Report. A personal update of the world of energy.

Cold but calm weather pushes up European power prices

Day-ahead power prices in Europe increased by 13.6% in November, as colder yet calmer weather led to increased electricity demand at the same time as declining wind production. That’s according to monthly figures from Platts which showed wind power generation last month was down 21% on October. Solar output in November was 58% lower than […]

Cold snap pushes up gas and power prices

The recent bout of chilly weather has pushed near term power and gas prices higher, according to the weekly market report from npower. Sammy Blay, Client Portfolio Manager at npower’s optimisation desk said: “Weather was the main sentiment driver for near term power and gas prices as Arctic winds blew over the UK, sending temperatures […]

Ovo Energy’s immediate 5.8% price hike

Energy company Ovo Energy has announced it is increasing its gas and electricity prices by 5.8% with immediate effect. Its New Energy Fixed plan, believed to be its cheapest tariff, will add £68 to the current price – a rise from £1,172 to £1,240 a year. Its existing customers on the variable tariff will also […]

Gazprom expect earnings to double

Russian power firm Gazprom expectsits earningsbefore interest, tax, depreciation and amortisation (EBITDA) for its gas business to almost double to 2.7 trillion roubles (£57bn) by 2020, according to reports. Reuters claim that Gazprom believe their 2011 earnings before tax reached 1.4 trillion roubles (£29.5bn). The news comes shortly after the power firm admitted they have […]

Ofcom investigate npower for cold calling

Communications regulator Ofcom may fine npower and Homeserve £2m for breaking rules on persistent cold-calling. Ofcom say they have “reasonable grounds for believing that between 1 February 2011 and 21 March 2011, npower persistently misused an electronic communications network or services by virtue of its use of an automated calling system.” npower defended their actions […]