Gas prices at the UK NBP for both prompt and curve were softer Tuesday, as more supplies relieved the within-day market and boosted confidence that gas would meet demand in October. The curve also came down in price, which was a reflection of the weak crude market, traders said. Within-day was at 69.25 p/th at… Continue Reading »
Read More →Energylinx are delighted to receive confirmation from energywatch that we have been accredited for the third time. Energylinx was one of the founder members of energywatch and has held accreditation to the Code since 2003. With the responsibilities of energywatch about to transfer to Consumer Focus in a few days time Energylinx looks forward to… Continue Reading »
Read More →Homes could be plunged into darkness this winter as the nation faces the shocking prospect of power cuts. The warning, following the release of grim industry figures yesterday, will dredge up memories of the last electricity crisis in 1974. Then, households had to manage with candles, factories were put on short-time and TV broadcasts ended… Continue Reading »
Read More →The U.K., Europe’s second-largest economy, risks power shortages and a jump in utility bills this winter because of repairs to aging nuclear reactors and pollution rules that limit coal burning. The nation’s electric grid cut forecasts for spare capacity today to a level where the loss of any one of its 38 largest power stations… Continue Reading »
Read More →Morrisons is opening a superstore that monitors how much customers breathe, to save electricity. The store in Kidderminster, Worcs, is fitted with carbon dioxide sensors that set off cold air fans when it is full of shoppers. At quiet times, the fans switch off, saving energy. A Morrisons spokesman said: “It’ll ensure we use the… Continue Reading »
Read More →Severn Trent Plc, the U.K.’s second- biggest water utility, said performance in the six months through September is in line with company forecasts as it continues to benefit from higher prices allowed by the industry regulator. Severn Trent is seeking to keep annual operating costs 3 percent below the regulator’s target through the next two… Continue Reading »
Read More →French group EDF has agreed a £12.5 billion takeover of British Energy in a move set to kick-start the UK’s nuclear power strategy. The state-owned utility giant will pay 774p a share, 9p higher than the price offered in July which was rejected as too low by major British Energy shareholders. British Gas parent Centrica… Continue Reading »
Read More →Energy price hikes have brought people to feel the need for change. Approximately half of the UK’s households have never changed their gas or electricity tariff but only 20 per cent of people surveyed now say they wouldn’t change their tariff if an annual saving of up to £200 was on offer. Research by price… Continue Reading »
Read More →Gas and electricity customers could lose out as a result of Centrica’s failure to achieve a merger with British Energy, according to M&G, which has significant holdings in both companies. M&G believes that a Centrica/British Energy deal would have been better than the EDF takeover not only for British Energy’s shareholders but also for the… Continue Reading »
Read More →The price of oil has jumped by more than $16 to $120.92 a barrel, the biggest one-day gain on record. There is uncertainty about how the government’s financial bail-out plan will work, causing investors to switch to perceived safe havens such as oil. Others believe that the US government’s bail-out plan will help the economy,… Continue Reading »
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