News

CMA findings as reported by Theenergyst.com highlight the problem of small firms doing nothing when their energy contract comes up for renewal. The CMA said that suppliers were making high profits from disengaged small business customers (twice the margin they make in the domestic market and four times the margin made in the I&C market).…

With increasing calls to move away from nuclear power to green energy it was interesting to read a news item in the Swiss Review that BKW has announced it’s plans to decommission the Muehleberg nuclear power plant near Berne in December 2019. This decision was taken for economical reason rather than to please the environmental…

ELN reports: Around 3.8 million energy customers were overcharged a total of £270 million due to billing errors last year. That’s according to a report by uSwitch, which estimates it cost each household on average £72. Around 9% of them are yet to receive any money back from their supplier and 12% waited more than…

According to Gocompare 16 domestic fixed tariffs end next week – if yours is one of them take action now as you will most likely start paying up-to £380 more per annum on your supplier’s standard tariff. To find a cheaper tariff call 01234 489 489 or check out www.billmanagerltd.co.uk

OFGEM published today their Research Report in Micro and Small Business Engagement in Energy Markets with some interesting findings: On average, businesses spend approximately £4,000 on electricity per annum (including VAT). This increases to approximately £10,000 for businesses with between 10 and 49 employees. On average, businesses with mains gas spend approximately £2,700 on gas…

ELN reports: Energy consumers supplied by the Big Six are paying £4 billion more for their gas and electricity. That’s according to new research which states the figure is equivalent to an average of £234 per household – an increase from a total of £3.4 billion last year, meaning householders have blown away £600 million…

ELN reports: Small and medium sized businesses (SMEs) in the UK saved £511 million on their energy bills in the last 12 months. Around 45% of them saved up to £10,000 per year, according to a YouGov survey commissioned by npower Business. The average savings per business totalled £2,800. However, despite the financial benefits of…

Today’s CMA report has some important details for our business customers: Businesses paying £280m over the odds £230m of which come from micro businesses – so it’s important to engage in the market and search for a cheaper deal! Already 75% of turnover is being sold by brokers and the number is raising due to…

Energy firm Npower has confirmed it is cutting 2,400 jobs in the UK after losing 351,000 customers in 2015. The “big six” energy firm has been plagued by customer complaints over billing and in December was fined, by the energy industry’s regulator, a record £26m for those problems. Npower lost €137m (£106m) last year, compared…

Rather lukewarm response has been given to SSE’s announcement of their gas price cut for 90% of customers to be effective at the end of March. “if the market is as competitive as suppliers claim we would expect to see further price cuts.” says Ofgem’s Chief Executive Dermot Nolan Apparently SSE is not too concerned…