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Npower profits drop 38% in first half of the year

Npower profits drop 38% in first half of the year

Energy giant Npower announced a drop in profits on the first half of 2014 by 38%. From January to June last year profits dropped from £176 million to £109 million this year, according to the first half figures. They lost ...

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North sea oil company announces boardroom cuts

North sea oil company announces boardroom cuts

  Trapoil who is a London based North sea oil company, has announced it needs to have a boardroom clearout to cut costs. Chairman Simon Bragg has resigned with immediate effect. The company’s CEO Mark Groves Gidney and Chief Operating ...

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Good Energy saw increase of 36% in it’s customer base

Good Energy saw increase of 36% in it’s customer base

Good Energy’s customer base saw an increase of 82% for gas and 35% of electricity in June compared to 35% last year, with the total number increasing from 97, 000 to 132,000. “Our strong customer growth so far this year ...

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Profits take a huge drop for Centrica

Profits take a huge drop for Centrica

Centrica’s profits have reportedly taken a huge drop of 35% in the first 6 months of this year, dropping to  £1,032 million “reflecting a challenging market environment, mild weather in the UK and the Polar Vortex in North America”. A milder ...

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Regulators secure £8 million pay-out from SSE & UKPN for Christmas storms

Regulators secure £8 million pay-out from SSE & UKPN for Christmas storms

SSE and UK Power Networks (UKPN) have been forced to pay out over £8 millon following Ofgem’s investigation into their performances during the storms at Christmas last year in the south of England which left 16,000 customers without power for ...

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1.5 million people switched energy suppliers in last 6 months

1.5 million people switched energy suppliers in last 6 months

According to the industry trade body, 1.5 million customers switched energy suppliers in the first six months of this year, with roughly 600 switching to smaller suppliers. There has been a “steady long term increase” in the number of people ...

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Government encourages householders to claim cashback for energy saving schemes

Government encourages householders to claim cashback for energy saving schemes

The Government is urging householders to act now to claim their cashback for installing energy saving measures in their homes. The Green Deal Home Improvement Fund offers houses in England and Wales up to £7,600 for energy efficiency improvements including ...

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Moody’s say that energy crunch this winter will be a temporary one

Moody’s say that energy crunch this winter will be a temporary one

Wholesale price of energy will remain flat and possible fall according to research from ratings agency Moody, which will be welcomed by consumers. Better insulation in houses, new offshore wind farms are likely to halt an expected rise in retail ...

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Over 1,000 energy companies compromised in Malware attack

Over 1,000 energy companies compromised in Malware attack

US security firm Symantec have discovered a massive Malware attack has affected over 1,000 energy companies in North America and Europe. The hacker is called Dragonfly, operating since 2011 and is thought to be based in Eastern Europe. Symantec said that ...

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British Gas reaches its one millionth domestic smart meter

British Gas reaches its one millionth domestic smart meter

British Gas has now fitted more than 1.4 million smart meters in the UK, with it’s one millionth domestic smart meter being installed in a home in Lewisham, South East London. Starting next year there will be a mass rollout ...

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