Energy companies profits could rise by up to £114 per house despite cuts

Energy companies profits could rise by up to £114 per house despite cuts

Despite cuts to energy tariffs the Big Six energy companies profits are expected to increase by up to £114 per household, according to Ofgem. The latest supply market indicator (SMI) from Ofgem has taken into account the recent price cuts ...

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MP’s want to put fracking on hold in UK

MP’s want to put fracking on hold in UK

MPs tabled changes to a law which will let oil companies drill under peoples homes without permission, to prevent this from happening and  put fracking on hold in the UK. The cross-party Environmental Audit Committee (EAC) argued against drilling  from shale ...

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Small energy firms win customer satisfaction survey for the fourth year running

Small energy firms win customer satisfaction survey for the fourth year running

The Big Six energy companies have faired badly in the latest annual Which? energy company satisfaction, for the fourth year running. The smaller suppliers took the top spots, Ecotricity came 1st,  with Good Energy, Ebico and Ovo Energy closely behind. npower ...

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Lancashire fracking proposals ‘should be turned down’ say council officials

Lancashire fracking proposals ‘should be turned down’ say council officials

Lancashire County Council have been advised by planning officers to refuse permission for fracking for shale gas at two sites in Lancashire. The report said bids for the sites at Preston New Road and Roseacre Wood should be turned down ...

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IKEA say renewables could benefit companies

IKEA say renewables could benefit companies

Scandinavian retailer IKEA said at an energy summit yesterday that renewable sources could benefit companies. The home furnishing giant pledged to use power exclusively from renewable energy sources from 2020. Steve Howard, Chief Sustainability Officer of IKEA Group said: “Investing ...

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Renewable energy will not meet it’s 2020 target

Renewable energy will not meet it’s 2020 target

It has been claimed that the UK’s renewable energy sector is unlikely to meet it’s 2020 target. All member states of the EU have an obligation to increase their proportion of energy consumption from renewables to 20% by 2020. 14 ...

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Norwegian oil and gas sector not looking good

Norwegian oil and gas sector not looking good

According to experts, the Norwegian oil and gas industry have a bleak outlook for 2015. Sector analysts Wood Mackenzie warned that cuts in oil and gas exploration will be large, following the drastic price drop in oil in recent months. ...

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Ed Milliband wants legislation for Ofgem to force energy bills down

Ed Milliband wants legislation for Ofgem to force energy bills down

Labour leader Ed Milliband has said that he wants Ofgem to have new powers to force energy bills down when wholesale prices drop. In an interview with on the Andrew Marr show on the BBC he said he wants to ...

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Labour looking to secure fracking ban near drinking water aquifers

Labour looking to secure fracking ban near drinking water aquifers

Labour are hoping to ban fracking on land near to drinking water aquifers. On Tuesday 13th January, an amendment to the Infrasctructure Bill which would prohibit shale gas extraction in groundwater protection zones is to be debated in the House of ...

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US Vermont power plant closes

US Vermont power plant closes

A nuclear power plant in Vermont has closed permanently as of midday on Monday. Over 43 years the plant provided power to the New England grid and produced over 171 billion kilowatt-hours of electricity. The Governor of Vermont, Peter Shumlin who ...

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