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, 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 […]

National Grid prepared for extra demand

National Grid has said that it has healthy levels of electricity and gas from a diverse range of sources to cope with current high demand due to the cold weather. Gas demand across Britain for today is currently forecast at 465.8 million cubic metres (mcm). The highest demand so far this winter was 456.6 mcm […]