SSE has announced bold moves to improve the liquidity of the UK power market by auctioning all of its electricity output and purchasing all of its electricity requirements in the day ahead market. The company is the first of big six to break ranks over the way it manages its electricity trading.Its initiative will begin [...]
British Gas has been fined £2.5m by the regulator Ofgem for the way in which it deals with customer complaints. Ofgem ruled that the company had failed to reopen complaints when customers said they had not been resolved. It added that British Gas had not provided customers with key details about help they could get [...]
With continuing high oil prices, the uncertainties over the the Middle East and nuclear concerns since the disater in Japan, wholesale energy prices have soared in the last six months, with little signs of it coming down any time soon. The major energy providers have steadily passed these price increases on to business customers, many of whom face energy [...]
Centrica, the owner of British Gas, is expected to announce its highest ever annual profits this week, bringing in £5m per day – when some consumers are struggling to pay their bills. City forecasts predict that Britain’s leading energy company will announce pre-tax profits of £2bn, up 30pc on the previous year. The high profits [...]
Ofgem is to investigate recent energy price rises, as it says they have significantly widened suppliers’ profit margins. Read full article: http://www.bbc.co.uk/news/business-11842686
Businesses may be forced to ration their use of the internet and e-mail as energy costs rise and governments impose higher taxes on carbon use. Liberal Democrat peer Lord Redesdale warned IT managers that businesses would have find more energy efficient ways of using IT, as governments become more serious about carbon reduction. Sending a [...]
The Children’s Trust is a national charity providing care, education, therapy and rehabilitation to children with multiple disabilities, complex health needs and acquired brain injury (ABI). Formerly a branch of Great Ormond Street Hospital it was established as an independent charity in 1984.
EDF Energy has announced a price increase of 2.6 per cent for some of its regional electricity tariffs. This rise in power bills will only affect a minority of its electricity customers, the company insisted after blaming an average hike of 16 per cent in distribution and transmission costs since its last electricity price change [...]
Four of the “big six” UK energy suppliers are to be investigated amid concerns of mis-selling to customers, the regulator has announced. Read more: http://www.bbc.co.uk/news/business-11150541
Business leaders today urged the government to deliver key energy and planning reforms within six months, or risk undermining emissions targets and energy security. The call came as the CBI launched a new report warned that without clarity on government policy, £150 billion of private sector investment in low-carbon infrastructure would fail to materialize. The [...]