Grand gesture needed: SP boss seeks Johnson action to solve “truly horrific” crisis
Government intervention to cut £1,000 off Britain’s soon-to-rocket home fuel bills is needed, the CEO of Scottish Power urged today.
Keith Anderson toured broadcast studios...
“A disaster, selling consumers down the river”; money-saver Lewis lambasts Price Cap tweak
Ofgem this morning confirmed its much flagged intention to move from half-yearly to three-monthly reviews of domestic energy tariffs, in a revamp of the...
SSE posts full year Prelims: Pre-tax up 44% as reported, or 23% up, ‘steady state’-adjusted
Energy major SSE, with over 5 million domestic accounts, today posted preliminary accounts reflecting how big retailers got bigger during the year’s cull of...
EDF agrees six month coal extension, as UK hedges against Putin
Fears over power shortages this winter sparked by the Ukraine war have prompted D-BEIS secretary Kwasi Kwarteng and the UK’s biggest remaining coal-fired generator...
Energy costs top Covid recovery as corporates’ main concern, survey finds
Energy costs have overtaken the recovery from Covid-19 as the top concern for UK businesses, according to a new report released today. Four in...
Homes “to get paid to dial down”: NG-ESO mulls paid load shifting for households
Britain’s backbone power operator is reportedly pondering paying domestic users to dial down demand at peak hours this winter, in a bid to stave...
Analyst boss doubts NG’s residential load-shedding drive
A leading analyst has questioned the effectiveness of National Grid’s hopes of extending pre-announced load-shedding into domestic power supply.
The backbone operator was yesterday reported...
“Worst customer service on record” from energy suppliers, Citizens Advice finds
Standards of customer service delivered by energy suppliers have fallen to the worst in the six years since Citizens Advice began assessing them, the...
Energy ministers silent and absent, as Ofgem raises price cap to £3,549 from October
As widely predicted three months ago, regulator Ofgem today confirmed a 80% rise in the increasingly discredited retail price ‘cap’, with average annual household...
Kwarteng’s eased planning rules can “lower bills for all”, says Octopus’s Jackson
The founder of the UK’s biggest all-renewable energy retailer warmly welcomed chancellor Kwasi Kwarteng’s promise this morning to ease planning requirements on onshore wind...
Yoking renewables earnings into Hunt’s windfall tax “disproportionate to clean generators’ profits”, says Cornwall
Any move by Chancellor Jeremy Hunt to extend to renewable power retailers the government’s windfall tax on excess energy profits would be unfair on...
Gas operating profits rise fourfold at SSE during six months to September
Operating profits from the gas and thermal energy division alone of vertically integrated generator-retailer SSE soared to £248million on an adjusted basis in the...
Shapps reverses Truss ban, launches homes insulation drive in third week in December
Energy secretary Grant Shapps did at the weekend what libertarian PM Liz Truss refused to two months ago, launching an £18 million publicity drive...
“Millions could switch supplier” after July, as homeowners chase deals: Cornwall Insight
Analysts believe uncounted droves of British home power accounts stand ready to flit between suppliers this summer, as falling energy wholesale prices coupled with...
Shell earns £7.6 billion in 2023’s first quarter
Oil & gas supermajor Shell exceeded market hopes, posting record profits of £7.6 billion for the first three months of the year, it told...
Cornwall: 15 more months of price cap pain
The Israel-Hamas conflict, strikes at an LNG conversion plant in Australia & disruptions to the Finnish Balticonnector are among causes set to keep predicted...
‘More Brits worry this winter about energy bills’, as EdF pours £103 million more...
Research conducted by energy supplier EdF concludes that Brits are even more anxious about paying energy gas bills this winter than last.
Among 2,000 homes...
British Gas profits surge tenfold, Centrica reveals
Shareholders at Centrica, owners of British Gas, will benefit by £144 million in dividends, as the UK-focused subsidiary today revealed profits soaring to £751...
Champions! UKPN pledges £1m to volunteer co-ops delivering advice against fuel poverty
Britain’s biggest distribution network franchisee is pledging £1 million to help energy co-operatives & local groups scale up their Net Zero programmes.
Working with Lewes-based...
Cornwall un-sunny on price cap: “Expect 46% rise for next summer, & winter 2022...
Analysts at respected consultants Cornwall Insight are forecasting the default price cap for home energy tariffs covering summer 2022 will shoot up to approximately...