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Regulator investigation on Big Six energy companies could be imminent

Regulator investigation on Big Six energy companies could be imminent

Following pressure from the government, regulators may be starting an 18 month investigation into the big six energy companies as early as next week. Ofgem, The Competition and Markets Authority (CMA) and The Office of Fair Trading may compile a ...

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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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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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Energy Secretary Ed Davey questions gas profits

Energy Secretary Ed Davey questions gas profits

Ed Davey has contacted Ofgem and competition authorities questioning the size of the profits in supplying gas to UK homes. He asked them to consider whether British Gas was a monopoly power that needed a break up to boost the ...

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SSE escapes Ofgem investigation into technical non-compliance

SSE escapes Ofgem investigation into technical non-compliance

  SSE has narrowly escaped a Carbon Emissions Reduction Target (Cert) investigation by Ofgem after falling short of it’s obligation target. The initial report in May 2013 showed that the company didn’t achieve it’s targets, falling short of it’s priority group ...

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Low Carbon Network Fund project could save consumers 20% on energy bills

Low Carbon Network Fund project could save consumers 20% on energy bills

An £8.3 million energy efficiency trial backed by Ofgem could save consumers 20% on their energy bills. Money from the Low Carbon Network Fund was used to test different energy saving approaches across 4,000 households in the Solent area by Southern ...

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Ofgem protects businesses from missold energy

Ofgem protects businesses from missold energy

New powers have been given to Ofgem by the government to prevent business customers from misleading marketing from ‘rogue brokers’. Under the Business Protection from Misleading Marketing Regulations (BPMMR), the energy regulator has the powers to “clamp down” on brokers ...

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Ofgem reveal suppliers are failing to meet the Eco targets

Ofgem reveal suppliers are failing to meet the Eco targets

According to the latest figures released from Ofgem, most of the biggest seven suppliers are struggling to meet the Energy Company Obligation (Eco) targets. Almost a year after the scheme began, SSE, Npower, First Utility and British Gas all have ...

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Year long probe finds there is no eveidence of gas market rigging

Year long probe finds there is no eveidence of gas market rigging

Ofgem and The Financial Conduct Authority have conducted a review of the gas market, and have concluded that there is no evidence of manipulation. The investigation started as a result of concerns raised by Seth Freedman, a price reporter at ...

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Pensioner ‘Staywarm’ tariff axed by Eon

Pensioner ‘Staywarm’ tariff axed by Eon

Eon has blamed rules introduced by energy regulator Ofgem for causing them to axe their tariff for the over 60’s, which could mean £180 per year added to thousands of elderly people’s energy bills. An Eon spokeman said: “Due to ...

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