EDF Energy the last to announce energy prices increases by 3.9%

15/11/2013 10:00 Electricity Market


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.

The increase will enter into force from 3 January and the customers will see bills raising by £49 a year, to an average of £1,300. This hike precedes that of rival firms British Gas and Scottish Power, however is less than half the size of increases announced by the competitors. EDF said that extra £49 on bills reflects the following: • £24 to cover a 9% increase in transmission and distribution costs; • £10 to meet smart-metering costs; • £6 to meet a 22% boost in the cost of meeting renewable obligations; • £1 to meet rising wholesale costs; • £8 to cover other increasing costs including VAT, warm home discount, feed-in tariff.

Netherlands built Europe’s biggest wind capacity in 2020

01/03/2021 08:32:00

The Netherlands has topped the list of countries with the highest wind capacity installed in 2020.


UK ETS auctions to begin on 19 May

01/03/2021 08:27:00

The first auction of UK ETS allowances (UKAs) will be held on the platform on 19 May, and will continue to take place on alternate Wednesdays from here until the final sale of the year on 15 December.


Daily (26.02.2021): Brent crude rally take a breather, while U.S. WTI crude ends at its highest since May 2019

26/02/2021 09:49:00

Crude oil prices diverged on Thursday, with Brent crude steadying after a period of optimism amid concerns over OPEC+’s willingness to continue output cuts grow. In contrast, U.S. WTI crude gained ground, spurred by optimism of quickly depleting global oil inventories. Hence, Brent crude lost 0.2% to settle at $66.88 a barrel. Meanwhile, U.S. WTI crude rose by 0.5% to 63.53 a barrel, marking its highest finish since May 2019.