Scottish & Southern Energy PLC is to cut its average annual gas bills by 12 pct to 534 stg, the company said this morning. The cut, which will start from tomorrow (1 March), will be joined one month later on 1 April by a 5 pct cut in the average yearly electricity bill to 355… Continue Reading »
Read More →UK gas prices are unlikely to slide further in coming months, as some analysts forecast, because importers will probably reduce supplies over the summer, Lehman Brothers said on Wednesday. A week after analysts at Merrill Lynch slashed their UK gas price forecast for this year from 42 pence per therm to 25 pence, citing low… Continue Reading »
Read More →UK gas prices at the National Balancing Point drifted lower Wednesday as a well-supplied system put some pressure on the prompt, although curve prices were still offering some support to the near-term contracts, traders said. Within-day was down to 17.75 p/therm by midday GMT, down from 18.5 p/th Tuesday, while day-ahead was at 17.95 p/th,… Continue Reading »
Read More →Today, the Energy Saving Trust announced the first independent UK wide assessment of household wind turbines. The Energy Saving Trust helps consumers save money, reduce their energy consumption and reduce carbon dioxide emissions. The assessment will help consumers to make informed choices when considering a wind turbine for their home. The target is to monitor… Continue Reading »
Read More →Scottish & Southern Energy (SSE) has cut the price of its gas and electricity for 7.5 million customers. From the 1st March gas prices will fall by 12%, cutting the average annual bill by £72 to £534. In addition, from the 1st April electricity prices will fall by 5%, cutting the average annual bill by… Continue Reading »
Read More →British Gas, Npower and now Powergen have already announced lower tariffs in response to falling wholesale gas prices. As wholesale gas prices have fallen by about 50% over the past six months. Three of the Big Six have now announced price reductions and the others must follow. Scottish & Southern Energy, with about seven million… Continue Reading »
Read More →Powergen has become the third big energy supplier to announce price cuts for its gas and electricity customers since the beginning of February. From 30 April, its gas bills will fall by 16% and its electricity bills by 5%. Powergen’s announcement will benefit six million domestic customers, with those on “dual fuel” contracts saving on… Continue Reading »
Read More →E.ON UK said Tuesday it was cutting its retail gas prices for its UK Powergen customers by 16% and its retail electricity prices by 5%, effective from April 30th, 2007. The move is a response to recently announced price cuts by Centrica’s British Gas subsidiary and RWE-Npower. E.ON UK said that Powergen would be cheaper… Continue Reading »
Read More →High taxes and falling prices will force the UK’s £9bn gas industry to cancel projects and scale back its operations in the North Sea, an industry leader has warned. Mike Simpson, the UK business manager of Tullow Oil, said gas companies dealing with low prices were suffering because they had to pay the same 50%… Continue Reading »
Read More →Higher U.S. natural gas prices should help attract LNG cargos that would otherwise land this summer in the United Kingdom, which has seen its prices decrease almost 70% since November, according to some analysts.
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