Big Apple baseball team goes electric

American baseball team the New York Yankees is getting a new, electric sponsor. The Yankee Stadium in the Bronx, home of the pinstriped big hitters, will be sponsored by US energy company North American Power. The power firm will give a pre-game “power report” on Yankee players’ statistics. North American Power CEO Kerry Breitbart said: […]

Energy saving scammers strike twice

Fraudsters who sold pensioners dodgy ‘energy-saving’ devices have struck again by calling them to offer compensation – then running off with a £300 admin fee. The Trading Standards Institute raised concerns after being made aware of a bogus ‘Claims Management Company’ offering compensation to the victims of the first rip-off, which was uncovered in December. […]

Businesses ‘stung’ when renewing energy contracts

Businesses are being “stung” by expensive energy contracts because they fail to renew or cancel them on time. Energy broker ENER-G Procurement claims some organisations are making costly mistakes when the deadline for their energy contract looms. It is launching a free guide offering advice on how to avoid expensive ‘out-of-contract’ and ‘deemed rates’, which […]

EU wind group backs €100bn pan-European network

An EU wind group has backed plans for a €104 billion (£87bn) pan-European electricity network. The European Wind Energy Association (EWEA) claims it would cost less than 1% of the consumers’ total electricity bill. The plan – drawn up by the European Network of Transmission System Operators for Electricity (ENTSO-E) – would bring Europe a […]

Power cable theft doubles to 20 attacks a day

Attacks on Britain’s power network because of cable theft doubled to more than 20 a day in 2011 compared with the year before. The worrying statistic is driven by high demand for copper with prices of up to $8,000 a tonne this week. Thieves are targeting the power grid in the hope of selling it […]

The Market Report – 28th February 2012

The Market Report – 28th February 2012 provided by npower

UK could dim A-road lamps to cut carbon

Lights along some stretches of A-roads in the UK may soon be dimmed to cut carbon emissions. A-road lighting levels could be dropped when fewer cars are on the roads at off peak times such as between midnight and 5am. The plans were revealed by Transport Minister Norman Baker in a written answer to Parliament. […]

Banning discount energy tariffs is ‘barking up the wrong tree’

The price comparison website uSwitch has slammed a report which suggests banning discount energy offers for customers. Over the weekend thinktank IPPR called on Ofgem to stop suppliers offering heavily discounted, “loss-leading” offers to tempt people to switch to them. But price comparison website uSwitch believes this approach is misguided and said the IPPR is […]

Five million overcharged for energy, claims thinktank

Five million people are being overcharged for their energy, claims a leading thinktank in a report released over the weekend. The Institute for Public Policy Research claims some families are paying as much as £330 more than their neighbours for the same amount of electricity or gas. The analysis showed people on a ‘standard credit […]

Energy supply industry is ‘recession-proof’

The energy industry is virtually ‘recession-proof’ with suppliers still making ‘healthy profits’ says a consumer group. Consumer Focus claims today’s annual results from ScottishPower and British Gas show energy firms are on steadier ground than they claim. Both firms posted a drop in earning although they still made several hundred million pounds of profit. Adam […]