Small supplier raises energy prices by 2.8%

Small supplier Bulb has announced plans to increase energy prices following spikes in wholesale prices. The average customer will see a 2.8% increase on their gas and electricity bill, rising from £855 to £879 a year. It will apply to all of Bulb’s 300,000 customers on the single Vari-Fair tariff and will come into effect […]

Maritime chokepoints block ‘can increase world energy prices’

Blocking maritime chokepoints, event temporarily, can lead to “substantial increases” in world energy prices. That’s according to the US Energy Information Administration (EIA), which suggests chokepoints for maritime transit of oil are critical for global energy security because of the high volume of fuel and other liquids transported through their narrow straits. Chokepoints are narrow […]

‘Tackling energy price issues is a priority’ says Which?

Tackling rising energy prices should be one of the next government’s main priorities. That’s according to a new report from a consumer group, which says political parties should use the forthcoming election to address a range of critical consumer issues. In a recent Which? survey, 51% of respondents said taking action on energy prices, which have gone up […]

World Bank forecasts higher energy prices

The World Bank is forecasting higher prices for energy in 2017 and next year. Its latest report forecasts crude oil price at $55 (£42.7) per barrel this year, increasing to an average of $60 (£46.6) per barrel in 2018. It states rising oil prices, supported by production cutbacks by Organisation of the Petroleum Exporting Countries […]

Greg Clark pledges action on rising energy bills

The UK Government is to take decisive action to address energy prices very soon. Yesterday, Secretary of State for Business, Energy and Industrial Strategy (BEIS), Greg Clark, told the Select Committee he would soon publish his department’s response to the Competition and Markets Authority (CMA) report on failings in the energy market. He said customers […]

GB Energy Supply stops trading

Around 160,000 customers are to face higher gas and electricity bills as GB Energy Supply has announced it is no longer trading. The company blamed recent rises in energy prices but insisted all customer contracts “will be honoured” and their supply will not be affected. Customers are not able to log on to GB Energy’s […]

The Daily Market Report – 10th August 2016

Energy Live News brings you The Daily Market Report provided by npower. The npower Optimisation Desk team use technical terms when they are presenting the latest energy market news. For clarification of any terms, please check below. If you’d like to know more about our Energy Market services, please contact the team: [email protected] All electricity […]

Y Report from Inenco – 7th July 2015

Analyst Kayleigh Winstanley of Inenco, discusses the impact of the Greek Euro referendum and other factors on the energy market this week. What do you need to know? Find out with the Y Report.

Guest Blog: npower’s Ben Spry on Energy Prices

Staying one step ahead of the market The Ops Desk has always been a USP for npower, enjoying a market-leading position for more than a decade now. But as the market evolves and becomes ever-more competitive, our aim is to continually build on our services and introduce new innovations to ensure we remain one step […]

Guest Blog: npower’s Wayne Mitchell on Energy Prices

Ten years of direct market access for major energy consumers Today’s energy managers are just as likely to be scrutinising wholesale power prices as they are analysing energy efficiency and consumption figures. Yet a decade ago, only a very small handful of pioneering businesses wanted to buy their energy direct from the wholesale market. To […]