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Nick Clegg urged by Iberdrola not to jeopardise £10 billion investment

Nick Clegg urged by Iberdrola not to jeopardise £10 billion investment

Iberdrola bosses told Nick Clegg that the government must maintain a good regulatory environment to continue to attract investment. The chairman of Iberdrola, Ignacio Galán said that the company plan to invest £10 billion through it’s Scottish Power businesses over the ...

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Prime Minister slammed for “wooing the oil & gas industry”

Prime Minister slammed for “wooing the oil & gas industry”

David Cameron was slammed  by green groups yesterday for “wooing the oil and gas industry” by dropping the concerns regarding climate change. Cameron teamed up with Scotland’s First Minister Alex Salmond  to keep the energy sector on side of the independence ...

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Finnish wave power test comes to Cornwall

Finnish wave power test comes to Cornwall

The Finnish energy company Fortum is testing it’s wave power technology in Cornwall. They announced a deal earlier today with UK based company Wave Hub who have their testing sites 16km off the Cornish coast in the Atlantic ocean. The ...

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Chancellor says fracking will combat climate change cheaply

Chancellor says fracking will combat climate change cheaply

Chancellor George Osborne  has pushed for shale gas as a way to counter climate change in a cheap way. After a speech in Hong Kong on  Thursday there was a Q & A session where Osborne said the country is ...

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Centrica profit down in 2013 on weak performance from British Gas

Centrica profit down in 2013 on weak performance from British Gas

Profits slumped last year for Centrica, due to a weaker performance from it’s businesses British Gas and Direct Energy. Group operating profit dropped by 2% to £2.695bn ($4.48bn, €3.27bn) for the year, after exceptional charges of £667m it was a 29% ...

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Cashback scheme for Green Deal extended by 3 months

Cashback scheme for Green Deal extended by 3 months

    The Department of Energy and Climate Change (Decc) has extended the cashback scheme for the Green Deal by three months, which means households have until the end of June to apply for cashback vouchers for efficiency measures, and ...

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SSE customers automatic refund on credit balances over £5

SSE customers automatic refund on credit balances over £5

SSE direct debit customers will receive automatic refunds at the end of the yearly billing cycle on credit balances over £5, according to an announcement by SSE. The refunds were previously only made on balances over £100. The supplier will ...

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Energy complaints hit 5.6 million, Which? calls for market fixes

Energy complaints hit 5.6 million, Which? calls for market fixes

Which? revealed that complaints against the big six energy suppliers have collectively reached 5,579,665  million for 2013 and as a result is calling for six fixes to the energy market today. Npower received the most complaints at 1.4 million, but had ...

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3.5% price rise announced by First Utility

3.5% price rise announced by First Utility

Customers on First Utility’s standard variable tariff will see a price increase of around £39 to their bills as a result of the suppliers 3.5% price rise. The increase has been blamed on increased wholesale costs, higher transmission and distribution ...

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Independent renewable generators to sell power at a discount

Independent renewable generators to sell power at a discount

Independent renewable generators will be able to sell power at a £25/MWh discount if other arrangements fall through, under government proposals published on Tuesday. Suppliers including some of the Big Six will be expected to offer backstop power purchase agreements ...

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