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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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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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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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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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Average UK household will spend £60,000 on energy in lifetime

Average UK household will spend £60,000 on energy in lifetime

The average UK household will spend around double the average pension pot on energy for their home, in their lifetime. uSwitch.com published an analysis today that showed customers could save around £10,000 over their lifetime if they switch to the ...

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Citizens Advice urges energy companies to offer “debt holiday” for prepayment customers

Citizens Advice urges energy companies to offer “debt holiday” for prepayment customers

Energy companies have been urged by Citizens Advice to allow a “debt holiday” for their prepayment customers to prevent fuel rationing over the cold winter months, or cutting off the energy supply completely. Customers on prepayment meters are unable to ...

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China remains a higher coal user

China remains a higher coal user

The global coal market will continue to be dominated by China, despite efforts to reduce it’s coal dependency. A report out yesterday shows that coal demand grew by 2.4% in 2013, with China driving it by using an extra 196 ...

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72% of consumers want smart meters installed

72% of consumers want smart meters installed

  Nearly three-quarters of British consumers want smart meters installed in their homes according to a uSwitch survey. which also revealed that consumers with smart meters installed are more happy with their energy suppliers compared to homes with traditional meters. ...

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Cansworth Water solar farm starts generating power

Cansworth Water solar farm starts generating power

The Cornish solar farm Cansworth Water has begun generating enough electricity to power 9,000 homes a year. Nestled in rolling fields, the Canworth Water solar farm near Launceston was finished last week and at 81 hectares, is big enough to ...

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