Energy bills to rise by £414 as fixed deals end

UK household’s energy bills could rise by as much as £414 next month as a range of fixed deals come to an end. That’s according to price comparison service uSwitch.com, which says seven suppliers have 16 fixed deals expiring on the 30th of April, after which their customers will be rolled onto expensive standard variable tariffs. Customers […]

Sainsbury’s Energy launches longest fixed term tariff

Sainsbury’s Energy has launched the longest fixed price tariff on the market, protecting customers from price hikes for four years. The new plan means customers can lock in prices until the 31st of March 2018 – three months more than what is currently offered by npower. However, customers will have to pay £50 per fuel […]

SSE confirms £354m profits after price rise

Power provider SSE has revealed its profits and a bigger payout to its shareholders just two days before its household prices are due to rise by 8.2%. The energy supplier confirmed adjusted pre-tax profits of £354 million in the six months up to the end of September – down 11.7% in the same period last […]

Ofgem urges energy suppliers to work on restoring trust

Energy regulator Ofgem is calling on power suppliers to “take action now” in a bid to restore consumers’ trust in the energy market. Speaking at a conference yesterday, Chief Executive Andrew Wright said Ofgem’s reforms for a “simpler, clearer and fairer market” could be used as a “golden opportunity” to win back trust. The call […]

Ovo Energy: Big Six are best filibusters in the business

The Big Six energy companies are the “best filibusters in the business”, the Managing Director of Ovo Energy said. Stephen Fitzpatrick (pictured, right) made the accusation when the big UK energy players and small suppliers – Ovo Energy and Co-operative Energy – appeared before a panel of MPs yesterday. They were grilled by the Energy […]

Chancellor urged to break up Big Six energy firms

Which? is calling on George Osborne to stand up for consumers and break up the Big Six suppliers to get more competition in the energy market. In a letter to the Chancellor yesterday ahead of his Autumn Statement in December, the consumer body urged Mr Osborne to commit to separating energy generation from supply and […]

Nick Clegg: Cutting green taxes would be an 'own goal'

David Cameron’s pledge to strip green taxes from energy bills would be an “own goal” which could cost jobs and reduce support for poor households, Nick Clegg warned. Yesterday the Prime Minister announced a review of competition within the energy market and signalled he wanted to “get to grips” with green charges which suppliers have […]

Energy bosses called before MPs following price hikes

Bosses from the Big Six energy firms and other smaller suppliers have been called to give evidence to MPs about the recent price hikes. Three of the Big Six suppliers – SSE, British Gas and npower – have so far announced an increase in gas and electricity prices this winter. The Energy and Climate Change […]

Use water efficiently to cut energy costs

Householders and businesses are being advised to reduce their energy costs by using water more efficiently. Piers Clark, Commercial Director at Thames Water believes consumers can do more around their water and energy footprint. He told ELN: “It’s worth remembering that, certainly for domestic properties, 40% of the energy bill is spent on heating water […]

ScottishPower defends double profits after anger

Energy supplier ScottishPower has defended itself after anger at the firm for putting up energy tariffs when their profits doubled in 2012. The Scottish provider saw operating profits go from £399m in 2011 to £835m, notching up net profits of £646million and a payment of £890million to its parent company Iberdrola in 2012. The figures […]