News
News
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Concerns arise over high fuel retailer margins
The RAC has raised concerns over excessive fuel prices in a letter to Energy Secretary Claire Coutinho, citing diesel margins at a staggering 18p per litre, double the long term average. Despite government efforts to increase transparency and competition, including a voluntary Pump Watch scheme, fuel margins remain unjustifiably high, according to the RAC. RAC […]
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Nearly 70% of UK utilities risk failing HSE inspections
Nearly 70% of utility firms in the UK face the risk of failing Health Safety Executive (HSE) inspections due to insufficient data on asset management, a new study shows. The research, conducted by enterprise asset management specialist BPD Zenith, surveyed 500 individuals responsible for asset management and maintenance in the utility and renewables sector. Findings […]
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Majority of UK homeowners clueless about heat pumps
A new survey by the Construction Industry Collective Voice (CICV) shows that nearly 59% of UK homeowners lack the necessary information to transition to renewable heating technologies such as heat pumps confidently. The polling shows that almost 26% of respondents felt well-informed about these alternatives to traditional heating systems. The survey revealed regional variations in […]
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Ofgem’s energy tariff plan sparks backlash
MPs and the public have expressed disapproval of Ofgem‘s plans to permit energy suppliers to conceal their cheapest deals from existing customers, according to new polling commissioned by So Energy. The proposal aims to lift the current ban on suppliers offering cheaper deals exclusively for new customers, potentially allowing hidden discounts for switchers via Price […]
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UK pumps £3m into Orkney’s marine energy centre
The UK Government has allocated £4.6 million for its islands, with £3 million designated for the European Marine Energy Centre (EMEC) in Orkney. Levelling Up Secretary Michael Gove announced the funding during the UK Islands Forum, emphasising EMEC’s role in ocean energy testing. Established in 2003, EMEC is the primary wave and tidal energy testing […]
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UK businesses struggle with soaring energy costs
A recent report from Centrica Business Solutions reveals that more than half (56%) of UK businesses plan to increase their onsite energy generation capacity within the next two years. The report, titled “How data, onsite generation and leadership strengthen energy control,” highlights the impact of unpredictable energy costs on business growth, with a third (34%) […]
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Ofgem chief: Energy profits deemed fair
Jonathan Brearley, the head of Ofgem, has defended the profits of energy suppliers, arguing that they are reasonable despite the current challenges of high energy bills for households and businesses. Mr Brearley maintains that these profits, typically ranging from one to two per cent of companies’ expenditures, are essential for investing in improving customer service. […]
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Ofgem launches probe into energy supplier
Ofgem has initiated an investigation into Farringdon Energy Ltd.’s adherence to regulations governing the fair treatment of microbusinesses and their operational capacity. Farringdon Energy Ltd., a UK-based non-domestic energy supplier headquartered in Essex, England, faces scrutiny over its compliance with Standard Licence Conditions (SLC) 0A and 4A. SLC 0A mandates fair treatment of microbusinesses, requiring […]
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British Gas matches 100% of energy bill payments
British Gas has unveiled a new initiative aimed at assisting customers facing financial difficulties with their energy bills. Under this initiative, British Gas will match 100% of energy bill payments made by struggling customers over a period of six months. This programme, scheduled to launch in June, seeks to provide substantial support to households experiencing […]
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Ofgem proposes compensation increase for energy suppliers’ failures
Ofgem has proposed an increase in compensation payments for consumers affected by service failures from energy suppliers, raising the amount from £30 to £40 if suppliers fail to meet the Guaranteed Standards of Performance. These standards, established in 2015, cover various areas such as appointment keeping, meter fault resolution and switching processes, with the proposed […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas