Total of 21 price rises see UK energy bills soar £590m this year

Suppliers E.ON and Bulb have each issued two price rises this year

EU energy prices remained stable in 2017 compared to year before

Electricity prices fell by 0.2% and gas prices fell by an average of 0.5%

IEA: US could lead non-OPEC oil production in 2018

The US is expected to lead fast-rising oil production in non-OPEC countries this year, which is likely to see supply grow by more than demand. That’s according to the International Energy Agency (IEA), which says US crude output increased by a “colossal” 846,000 barrels a day in the three months leading up to November. It […]

Renewable energy will be cheaper than fossil fuels by 2020

  Renewable energy will be cheaper than fossil fuels by 2020. That’s according to the International Renewable Energy Agency (IRENA), which suggests this will be driven by rising investments in clean power projects, which will in turn cut the cost of energy for consumers. Although some forms of green generation can already compete with fuels […]

Price rises begin amongst some small suppliers

Some small energy companies have begun hiking their prices. Supplier Toto Energy is raising the price of its variable rate tariffs by up to 27%. Good Energy has also said it will hike electricity bills on the 18th of January by 7.5% and gas by 6.8% for 70,000 customers. This means a household with typical […]

Business prices for oil and gas soar as electricity costs fall in 2017

Businesses paid more for gas and coal but less for electricity in 2017. That’s according to The Department for Business, Energy and Industrial Strategy’s latest Energy Price Report, which suggests while average industrial prices rose by 6.9% for gas and by 9.3% for coal between last autumn and this autumn, electricity prices fell 0.3%. The report […]

Gas price crisis ‘could force small suppliers out of business’

A series of disruptions to the gas market last week could threaten the wave of smaller energy suppliers across the UK. Media reports suggest gas prices for this winter’s coldest months remain a third higher than the same time last year. Toto Energy, a relatively recent entrant to the market, has announced a 50% price […]

High oil prices ‘driving energy costs by up to 10%’

Higher oil prices are continuing to drive up wholesale energy costs by as much as 10%. That’s the suggestion from energy consultancy Inprova Energy, which says this is largely a result of OPEC and other major producers extending an agreement to cut crude oil production by nearly 2% until the end of 2018. It claims […]

Onshore wind ‘could save UK £1bn’

Outdated policies are blocking development of onshore wind, the cheapest new electricity generation technology in Britain. That’s the claim from the Energy and Climate Intelligence Unit (ECIU), which suggests this could result in £1 billion of knock-on impacts over the next five years for consumer bills, climate change goals and businesses. The organisation suggests electricity […]

One in 10 energy consumers rate sustainability over price

More than one in 10 energy consumers say a supplier’s ethical or sustainable credentials are the main factor they take into account when considering switching. That’s according to the results of a survey conducted by Echo Managed Services, which suggests a better public image can increasingly make a company more attractive, even compared to competitors […]