U.K. energy regulator Ofgem said Monday that 5.1 million customers switched gas and electricity suppliers in 2007, the highest level of switching in five years. Customers are switching in order to save money after all of the U.K.’s six major energy suppliers raised their energy bills this year, Ofgem said. Ofgem said customers who have… Continue Reading »
Read More →It will cost every household in the UK at least £2,000 to comply with the new European Union target of producing 15 per cent of all energy from renewable sources by 2020, according to a report commissioned by the government. The report also says the UK will have to spend far more to meet the… Continue Reading »
Read More →The company, which owns British Gas, has joined Gaz de France and First Oil to study the feasibility of converting the Bains gas field, in the Irish Sea, into a storage site. advertisementBritain’s lack of storage capacity is blamed for contributing to high domestic gas prices. British Gas has to buy in the wholesale market… Continue Reading »
Read More →Cambridge based Zigbee specialist, Ember has teamed up with Energy Optimisers in Grimsby to develop a new wireless plug-in electricity meter that the partners say could help companies and households shave hundreds to thousands of pounds off their electricity bills. The device, called the plogg, allows home and building owners to monitor how much electricity… Continue Reading »
Read More →Global demand is forcing LNG suppliers to divert tankers from Britain to countries happy to pay more, which will have knock-on effects on homeowners’ power costs. When the Ramdane Abane set sail from the Algerian port of Arzew on February 5 with a £15m shipment of liquefied natural gas, the captain thought he was heading… Continue Reading »
Read More →UK homeowners have been urged to prepare for a further squeeze on their household budgets, with the news that energy bills could be set to rise for a second time by the end of the year. Since March all of the UK’s big six energy providers have announced double digit price increases on gas and… Continue Reading »
Read More →Can you imagine a situation where your grocery shopping involved you having to guess the cost of food you were buying, with an accurate bill not arriving until three months later? It may sound ludicrous and yet this is the way that the vast majority of us currently shop for our gas and electricity! Our… Continue Reading »
Read More →Gas and electricity giant Centrica is reported to be examining a £10 billion bid for nuclear power generator British Energy. British Gas owner Centrica hopes it can provide a “British solution” for the future of the energy provider, which last week confirmed it was in talks with potential suitors, the Sunday Times said. Among the… Continue Reading »
Read More →Gazprom, the world’s biggest gas group, has bought a stake in a British smart meter supply company, hoping the energy efficiency product will make its supplies more attractive to UK customers. The Russian company, which yesterday ended another damaging stand-off with Ukraine over wholesale gas supplies, said the stake in TruRead would help it “differentiate”… Continue Reading »
Read More →British Energy is in talks with a number of rivals, which could lead to a tie-up or a takeover offer that some say would value the country’s main nuclear power generator at more than US$14 billion. Shares in the British company soared by nearly 20% after it confirmed the discussions but declined to identify any… Continue Reading »
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