Petrol stations urged to cut prices

RAC tells retailers to play fair with drivers

Mind the gap between cheapest energy deals and price cap!

New research finds that the gap between the cheapest energy deals and price cap has shrunk to the lowest ever level

Will green energy levies be switched from electricity to gas bills?

Levies, including the feed-in tariff and Contracts for Difference will reportedly move from customers’ electric to gas bills

Power prices for SMEs climb to record levels

Prices in the second quarter of the year reached the highest level since 2012

EDF Energy profits fall, loses 80,000 customers

EDF Energy saw a 29% slump in profits in its UK operations last year. It fell to £470 million from £664 million in 2015 and was mainly driven by lower wholesale prices. The Big Six supplier also lost 80,000 customers, ending the year with 5.2 million customer accounts. However the company, which is building the […]

MPs vote against Ofgem powers on energy bills

Ed Miliband’s attempt to secure new powers for Ofgem to make energy suppliers pass on price cuts failed yesterday when MPs voted down the plan. The Labour leader revealed the idea over the weekend, resurrecting energy prices as a hot issue ahead of May’s general election. In a Labour motion for Opposition Day, 305 MPs voted against […]

Watchdog investigates Northern Ireland power prices

Northern Ireland’s energy regulator is looking at whether drops in wholesale prices have been passed onto billpayers. Uregni announced today it will review the supplier Power NI’s electricity tariffs. In Northern Ireland, the rules require movements in wholesale costs are reflected in consumer electricity and gas bills. Uregni expects to finish its review in February […]

Big Six ‘paid £4bn too much for wholesale power’

The country’s largest energy suppliers paid £3.8 billion too much for wholesale power than they should have done, according to the Labour party. It claims the ‘Big Six’ suppliers’ statements on spending over 2010, 2011 and 2012 show they splashed billions more compared with market prices in the same years. They used figures for the […]

New Ofgem powers to avoid wholesale energy market fiddling

The Big Six energy suppliers will have to reveal the prices they buy and sell wholesale electricity under new plans from Ofgem released today. Fears of energy price manipulation were prompted earlier this year when a whistleblower flagged up strange behaviour in wholesale buying market. It gave extra heat to plans for reforming the energy […]

Irish wholesale energy prices fall for first time in months

Wholesale energy prices in Ireland fell 5% last month. Irish power firm Bord Gais which has 640,000 gas users and supplies more than 300,000 electricity customers released the figures in a monthly price report yesterday. The Bord Gáis Energy Index – the firm’s average price for oil, gas, electricity and coal – fell 5% while […]