The government announced yesterday that it will require all households to have smart meters installed over the next decade. The decision was announced by the energy minister Lord Hunt of Kings Heath as the House of Lords debated the Energy Bill yesterday afternoon. The move to introduce smart meters – which will tell householders exactly… Continue Reading »
Read More →Oil prices have continued to fall on Monday, despite last week’s 1.5 million-barrel-a-day cut in production from oil producers’ cartel Opec. US light sweet crude for delivery in December dropped to a 17-month low of $61.30 a barrel before recovering somewhat to trade at $62.42. London Brent crude fell below $60 a barrel before recovering… Continue Reading »
Read More →Like other householders facing spiralling power bills, Colin Stone has made a series of alterations to his home to cut his energy costs. Yet he cannot turn his heating down, as his 14-year-old daughter Helaina suffers from an extremely rare genetic disorder, which means she suffers greatly from the cold in winter and heat in… Continue Reading »
Read More →Rising natural gas and electricity prices are creating an unexpected problem for businesses this winter, and another worry for the Bank of England. The expected opening of several new import facilities had prompted hopes that gas prices would fall. But high oil prices and delays to some important projects have pushed up prices for natural… Continue Reading »
Read More →Russia, Iran and Qatar have agreed to form a powerful OPEC-style group for exporting gas. The consortium would control over 60% of the global natural gas reserves – and spark fears in the West that it could lead to higher prices. The news comes after a meeting between Gazprom chairman Alexey Miller, Qatar Energy Minister… Continue Reading »
Read More →Ofgem has appointed British Gas Business as the temporary supplier of about 40,000 customers of Electricity 4 Business (E4B) after the independent supplier went into administration on Wednesday, the energy regulator said. British Gas, part of Centrica , will take over as “supplier of last resort” to E4B’s small business customers from 00:01 a.m. on… Continue Reading »
Read More →Electricity 4 Business, an electricity company which supplies 40,000 small businesses has gone into administration. A buyer was unable to be found for Electricity 4 Business (E4B), which is based in Milton Keynes, energy regulator Ofgem confirmed. Customers will not be disconnected, but will automatically be transferred to another supplier in a process organised by… Continue Reading »
Read More →Cheaper gas and electricity bills look some way off despite the falling price of oil. Oil has slumped to less than half the highs seen in July, helping wholesale gas prices fall around 20% since the record 100p a therm levels in the summer. But gas bought by Britain’s main energy suppliers like British Gas… Continue Reading »
Read More →Energy customers could be paying higher prices for gas and electricity used months earlier, the new watchdog Consumer Focus has warned. The six biggest energy suppliers have raised gas and electricity prices by up to 34% since the summer. But 16 million people could be charged a higher rate for energy used before the increase… Continue Reading »
Read More →Despite the falling price of oil, cheaper gas and electricity bills still look some distance away. Since the record 100p a therm levels in the summer, wholesale gas prices have fallen around 20% as oil has slumped to less than half the highs seen in July. But gas bought by Britain’s main energy suppliers like… Continue Reading »
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