How well are Big Six explaining energy price rises?

We’re in the midst of the inevitable yearly pre-winter energy price hikes. Delivering bad news is always tough – so how are the Big Six suppliers managing? Even though suppliers aren’t necessarily to blame for the rises they are responsible for explaining them, according to EY’s power and utilities analyst Richard Postance. He told ELN […]

Tentative price rise from Co-op Energy

Energy supplier Co-operative Energy is putting up its gas and electricity prices by an average of 4.5%. It’s an attempt to undercut much bigger rivals such as SSE and British Gas who recently announced price hikes double that of the Co-operative’s. Announcing the new price today, an extra £4.78 per month for an average dual […]

British Gas bumps up gas and electricity prices

Centrica’s energy supply firm British Gas will bump up domestic prices by 8.4% for gas and 10.4% for electricity next month. It is the second Big Six supplier in a week to put up its tariffs. SSE was the first starter in this round of winter price hikes with a rise of 8.2%. From 23 […]

Ofgem and E.ON’s agreement ‘sensible’

Consumer groups have welcomed the agreement between Ofgem and E.ON after the energy supplier failed to abide by the regulator’s rules. E.ON will be paying shares of £1.4 million to around 94,000 of its customers for overcharging them following price hikes in 2008 and 2011. Consumer Focus and said this was a “sensible” and […]

Energy UK: The ‘honesty box’ must be opened

The industry needs to open up the ‘honesty box’ and let consumers’ and businesses’ know about the charges on energy bills. Speaking at the Energy Live 2012 conference in London yesterday, Angela Knight, Chief Executive of Energy UK said the energy market is “replete with contradictions”. She said: “We do need to be much clearer […]

Ofgem demands Big Six pricing info

Ofgem has written to energy suppliers demanding details of how they will put their price increases into action, following the news that some EDF customers were overcharged as a result of problems with their automated meter reading system. The watchdog wants to check that the customers of other Big Six firms aren’t at risk from […]