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UK: The Big Six energy firms increased their profits five fold
According to informations from Ofgem, UK’s energy regulator, the Big Six energy suppliers saw their profit margins in the supply of gas and electricity increase to 4.3% in 2012, in comparison to 2.8% a year before. The big six operators made £53 profit per household customer last year, compared to £30 in 2011.
read more... 26/11/2013
Ofgem: five of the six electricity distributors have to do more to cut costs for consumers
Energy regulator Ofgem has required to five of its six electricity distributors, including SSE and Scottish Power, to do more to cut costs for consumers. The six distribution companies presented their investment plans, but the only plan approved was those of Western Power Distribution’s( WPD), which customers will see a 11.30 pounds cut in their bills from April 2015.
read more... 22/11/2013
EDF Energy the last to announce energy prices increases by 3.9%
EDF Energy has become the latest energy company to increase prices for its British customers, unveiling an average price increase of 3.9% on its dual tariff, warning that further increases may occur unless the government does not curb fees for social and environmental work.
read more... 15/11/2013
UK’s energy firms to face tough sanctions for market manipulation
The British government is considering introducing a wave of tougher sanctions against energy firms for market manipulation to overcharge customers, said energy minister Ed Davey on Thursday.
read more... 01/11/2013
British Gas to offer “free electricity” on Saturdays to its customers
Energy firm British Gas is considering offering customers “free electricity” on Saturdays, encouraging in such a way more power use at weekends when industrial energy demand is much lower.
read more... 02/08/2013