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....The UK energy regulator has drastically cut £370m of payments for small power producers, in a blow to diesel generators and smaller gas plants. The decision by Ofgem sparked strong criticism, with claims the move would fail to achieve its aim of saving consumers about £20 a year on their energy bills. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 04:28:40 PM
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....50 per megawatt hour it generates, twice the wholesale price. The subsidy is paid through energy bills, which the government estimates will translate to a £10 to £15 chunk of the average household bill by 2030. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:01:08 PM
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....Citizens Advice favours widening an existing cap for the 4m households on prepayment meters to a further 2. 6m who are eligible for the warm home discount, a government scheme to help people struggling with their energy bills. ... [Read full article on Guardian ]
Monday 19th of June 2017 03:36:14 PM
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. Millions of people are unlikely to see their energy bills capped after Theresa May appeared to make a U-turn on one of her flagship election promises – to the delight of big energy companies. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 03:57:48 PM
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....Norfolk emerges as dating fraud hotspot in regional scam standings. Tory pledge to cap energy bills missing from Queen’s speech. ... [Read full article on Guardian ]
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Latest Finance News related to Energy Bill

Spending watchdog condemns 'risky and expensive' Hinkley Point image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:08 PM
....50 per megawatt hour it generates, twice the wholesale price. The subsidy is paid through energy bills, which the government estimates will translate to a £10 to £15 chunk of the average household bill by 2030. ...
Make your property dream come true, plus fraud hotspots revealed image
Source : Guardian [Read Article] Thursday 22nd of June 2017 02:00:21 PM
....Norfolk emerges as dating fraud hotspot in regional scam standings. Tory pledge to cap energy bills missing from Queen’s speech. ...
Tory pledge to cap energy bills missing from Queen's speech image
Source : Guardian [Read Article] Wednesday 21st of June 2017 03:57:48 PM
. Millions of people are unlikely to see their energy bills capped after Theresa May appeared to make a U-turn on one of her flagship election promises – to the delight of big energy companies. ...
Closure of UK’s largest gas storage site ‘could mean volatile prices’ image
....The UK energy regulator has drastically cut £370m of payments for small power producers, in a blow to diesel generators and smaller gas plants. The decision by Ofgem sparked strong criticism, with claims the move would fail to achieve its aim of saving consumers about £20 a year on their energy bills. ...
Energy price cap likely to go ahead despite warnings of 'timebomb' image
Source : Guardian [Read Article] Monday 19th of June 2017 03:36:14 PM
....Citizens Advice favours widening an existing cap for the 4m households on prepayment meters to a further 2. 6m who are eligible for the warm home discount, a government scheme to help people struggling with their energy bills. ...
Theresa May is warned: don't break election vow on energy price cap image
Source : Guardian [Read Article] Wednesday 14th of June 2017 05:33:11 PM
....”. Campaigners also urged the government to stick to its guns and extend protections beyond the 4m households who already have a ceiling on their energy bills. ...
Carlsberg aims for zero carbon emissions after Trump's Paris pullout image
Source : Guardian [Read Article] Tuesday 13th of June 2017 11:28:10 AM
....T’Hart said Carlsberg’s plans, which include using only renewable energy to brew beer by 2022, were equivalent to taking 160,000 cars off the road. The company does not expect to incur extra costs because it will shift investment from elsewhere in the business and expects the sustainability plan to reduce costs, such as energy bills, over time. ...
Scunthorpe steelworkers enjoy the rewards of act of faith in new owner image
.... In a tightly controlled photo call, she boasted of the support provided by government and declared UK steel to be “at the heart of our modern industrial strategy”. Junck now wants May to make good on the rhetoric by offering British firms a “level playing field” – code for cheaper energy bills and lower business rates. ...
UK lobbies Europe to dilute flagship energy efficiency law image
Source : Guardian [Read Article] Sunday 28th of May 2017 01:06:30 PM
. The UK is lobbying Europe to water down a key energy-saving target despite the fact it will not take effect until after Brexit, according to leaked documents that sparked warnings that energy bills could rise and jobs put at risk. ...
Winter Fuel Allowance: Tory means-testing to give 'trivial' savings, blasts IFS image
. Pensioners above an arbitrary income threshold are set to lose up to £300 given to help pay energy bills through the Winter Fuel Allowance, but the move would not generate significant boost for the state, said the Institute for Fiscal Studies (IFS) in a scathing assessment of the party's manifesto. ...
Big energy firms lobby Theresa May to water down price cap pledge image
Source : Guardian [Read Article] Monday 22nd of May 2017 03:23:19 PM
....Theresa May has promised to cap electricity and gas costs for 17 million families on default energy deals, called standard variable tariffs, after five of the big six suppliers increased prices. But under a compromise that has been put to the government, only 6m households would have their energy bills capped. ...
Best bank accounts for FREE money: How to switch and earn £250 image
Source : Daily Express [Read Article] Friday 19th of May 2017 03:52:00 PM
....5 per cent interest on a balance of up to £20,000. Mobile, TV and broadband bills direct debts on the account also fetch cashback of three per cent, energy bills receive two per cent and, water and council tax get cashback of one per cent. ...
Winter fuel allowance: What the Tory Manifesto pledge REALLY means for you image
Source : Daily Express [Read Article] Friday 19th of May 2017 02:29:00 PM
. Pensioners who receive help to pay energy bills, will be hit to pay for other social measures in the manifesto. ...
National Grid boss says Labour plan will stall green energy drive image
Source : Guardian [Read Article] Thursday 18th of May 2017 05:00:40 PM
....“For those wanting a reliable income from their investments, National Grid can’t be far from the top of the list,” said George Salmon, equity analyst at investment adviser Hargreaves Lansdown. Separately, investors in two of the UK’s biggest energy companies appear to have shrugged off the impact of Theresa May’s price cap on the energy bills. ...
British shoppers go on spring spree – but the outlook may be chillier | Larry Elliott image
.... Action is pledged to help motorists, rail passengers, leaseholders and phone users. Despite the derision heaped on Ed Miliband when he proposed the self-same policy two years ago, there will be a price cap on energy bills, which ministers estimate would be worth £1. ...
Best savings rates: How to make your money work harder image
Source : Daily Express [Read Article] Sunday 14th of May 2017 01:43:00 PM
....5 per cent of interest. Mobile, TV and broadband bills direct debts on the account also fetch cashback of three per cent, energy bills receive two per cent and, water and council tax get cashback of one per cent. ...
We wouldn’t need price caps if the Tories hadn’t cut energy-saving schemes image
.... But experts agree that new boilers, better appliances, insulating the solid walls of 100-year-old homes and properly lagged lofts are the only true fix. Government advisers recently found that shifting to A-rated fridge-freezers, ditching incandescent bulbs and switching to condensing boilers reduced the average household energy bill by £290 between 2008 and 2016. ...
Five-minute guide to Tory's manifesto pledge on fuel image
Source : Daily Express [Read Article] Sunday 14th of May 2017 12:01:00 AM
.... Since then, five of the so-called “Big Six” energy firms have hiked their prices by up to 37 per cent. The PM is tapping into people’s concerns, as voters name energy bills their number one personal finance priority for the next government, followed by income tax and the cost of elderly care, according to research from CompareTheMarket. ...
France's Engie aims to restore trust in energy firms with tracker tariff image
....A French power company has promised to restore trust in the energy market with a new tracker tariff linked to wholesale prices, days after big suppliers were found to be making record profit margins from their customers. Engie, which describes itself as the biggest new entrant to the UK domestic energy market in 15 years, said it was the right time for the company to launch in Britain, despite both the Conservatives and Labour planning price caps on energy bills. ...
The Tory energy cap is not a policy. It’s a confession | Owen Jones image
. If it’s right for the state to intervene in one broken market, why not apply the principle across the board? When Ed Miliband unveiled his modest proposals as Labour leader to limit energy bill increases and reform the energy market, the Tory response was hysterical. ...
Thousands face energy bill hikes of more than £400 this month image
Source : Guardian [Read Article] Wednesday 10th of May 2017 09:01:16 AM
. Thousands of people face annual energy bill rises of hundreds of pounds this month when they are rolled on to default energy tariffs that came under fire from Theresa May this week. ...
Energy regulator under scrutiny as both Tories and Labour vow to act image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:23:35 AM
.... A surprise Labour win would require him to go further, imposing limits not just on those standard variable tariffs, but cheaper fixed deals as well. The fact that rising energy bills have climbed so far up the political agenda means the civil servant’s decisions will be scrutinised much more closely than when he joined Ofgem in 2014. ...
UK will face pay squeeze this year as inflation spikes, warns thinktank image
Source : Guardian [Read Article] Wednesday 10th of May 2017 04:57:33 AM
....7% on average, leaving workers to face the largest real-terms cut in their takehome pay since early 2014. The warning follows the controversy over rising energy bills and inflation-busting increases in council tax that have already hit household budgets ahead of the general election. ...
Tory claims over energy price cap are just hot air | Nils Pratley image
Source : Guardian [Read Article] Tuesday 9th of May 2017 06:46:24 PM
. The most irritating part of Theresa May’s presentation of her price cap on energy bills is not her silly pretence that her policy, and Ed Miliband’s, are chalk and cheese. ...
Tory MPs plot to water down Theresa May's energy price cap pledge image
Source : Guardian [Read Article] Tuesday 9th of May 2017 05:00:53 PM
.... Is that right? Asking for a friend. Industry experts also warned that household energy bills will continue to rise regardless of May’s pledge to cap default electricity and gas tariffs. ...
Energy shares still down on cap pledge image
Source : BBC [Read Article] Tuesday 9th of May 2017 07:38:39 AM
. Shares in Centrica and SSE are down by up to 2% at midday after a promise by the Conservatives of a price cap for energy bills if they win the Election. ...
Energy bills: £100 cap plan defended by Theresa May image
Source : BBC [Read Article] Monday 8th of May 2017 09:51:56 PM
.... . Following a two-year investigation, the Competition and Markets Authority said last year that excess profits were largely being caused by inefficiency in the market and recommended a cap on pre-paid energy bills - a measure that was introduced last month. ...
Dulux owner Akzo Nobel has shown its colours by rebuffing takeover bids | Nils Pratley image
.... The cheapest deals in the market are already evaporating. Alternatively, a blunt cap on variable rates would involve ministers taking direct responsibility for energy bills. ...
British Gas owner warns Tory energy price cap could push up prices image
. British Gas owner Centrica has warned that the Conservative party’s plans to cap energy bills could push up average prices, as the company haemorrhaged customers at a rate that would see it lose a million by the end of the year. ...
'Brexit boom' creates record number of UK billionaires image
Source : Guardian [Read Article] Sunday 7th of May 2017 12:20:36 PM
.... Current projects include the transformation of the Old War Office in Westminster into a luxury hotel. The Equality Trust said the £83bn increase in wealth among the richest 1,000 people over the past year could pay the energy bills of all UK households for two and a half years and would be enough for the grocery bills for all food bank users for 56 years. ...
Bank of Mum and Dad is a major financial player - but could it be about to go bust? image
.... . Matt Sanders, financial expert at GoCompare Money, says more young adults need help as wages stagnate while the cost of necessities such as rent, energy bills and car insurance continues to rise: “Those at the start of their careers have to make their money stretch a lot further than they did in previous years. ...
State-owned Swedish firm Vattenfall enters UK energy market image
Source : Guardian [Read Article] Monday 1st of May 2017 08:00:24 AM
.... We will see what opportunities arise,” she said. However, the prospect of price caps being imposed on household energy bills, as promised by Theresa May’s Conservative party, would not deter Vattenfall. ...
Energy bill caps put billions in investment at risk, say suppliers image
Source : Guardian [Read Article] Friday 28th of April 2017 06:01:33 AM
....3m households. Help for those who were fuel poor – defined as people whose income would be below the official poverty line after paying for electricity and gas – should be funded through general taxation rather than paid through energy bills, the body said. ...
Millions could reclaim CASH on energy bills after an unexpected mild winter image
Source : Daily Express [Read Article] Wednesday 26th of April 2017 12:01:00 AM
. Some could claim more than £200 from their supplier, in a major boost for those struggling with their energy bills. ...
Government lacks faith in free market, says energy boss image
Source : BBC [Read Article] Tuesday 25th of April 2017 07:07:41 AM
....The boss of British Gas owner Centrica has said some people at the heart of the Conservative government "don't believe in free markets". Iain Conn, Centrica's chief executive, was defending the energy industry after the Tories indicated they planned to include a cap on some household energy bills in their election manifesto. ...
Tories pinched Labour's energy price cap – but now we need detail | Nils Pratley image
. The Conservative party’s proposed price cap on energy bills is “very different” from the price freeze advocated by Ed Miliband at the last general election, according to Sir Michael Fallon, the defence secretary and former energy minister. ...
Energy price cap image
Source : BBC [Read Article] Monday 24th of April 2017 11:52:31 AM
. The Conservative manifesto is to include a pledge that energy bills for millions of consumers will be capped, saving each household around £100. ...
Tory energy bill cap dents Centrica and SSE share prices image
Source : Guardian [Read Article] Monday 24th of April 2017 09:05:46 AM
FTSE 100 up 2% as European stocks rally after French vote image
Source : BBC [Read Article] Monday 24th of April 2017 07:55:14 AM
.... . Energy stocks were among a small number of fallers, with investors reacting to news that the Tory manifesto may include a policy to cap energy bills. ...
General Election 2017: Energy bill cap 'will hit consumers' image
Source : BBC [Read Article] Monday 24th of April 2017 07:29:03 AM
. Plans by the Conservative Party for a cap on household energy bills will lead to fewer benefits for consumers, says one of the UK's biggest providers. ...
Energy bills: what's the difference between Tory cap and Miliband freeze? image
....It’s not what you know but who you know. To prove the aphorism, compare the response to Theresa May’s promise to cap energy bills, and the furore over Ed Miliband’s pledge to do something very similar four years ago. ...
Tories accused of stealing Labour's energy price cap promise image
Source : Guardian [Read Article] Sunday 23rd of April 2017 11:26:37 AM
.... “There are groups in society in certain areas of the country and in certain parts of society that feel that life has become unfair, that even if they are working hard and doing the best for their families that somehow they are getting a bad deal and that does involve changing things like the energy market,” he said. Labour’s campaigns and elections chairman, Andrew Gwynne, said the Tories’ promises on energy bills should be taken with a huge pinch of salt. ...
UK gas and electricity customers face price rise double whammy image
Source : Guardian [Read Article] Thursday 20th of April 2017 05:59:19 AM
.... Like thousands of others her increase was inflated by the fact that she was coming off a fixed deal, though others are much worse off. Data seen by Guardian Money shows energy bills have risen by as much as 60% for thousands of households. ...
UK government vows strong action to rein in energy companies image
Source : Guardian [Read Article] Wednesday 19th of April 2017 12:25:24 PM
....Clark’s comments mark the strongest language yet on the government’s plans to take regulatory action, after May recently promised to step in against a market that was “manifestly not working”. It remains unclear if the prime minister’s decision to call a general election will see the energy bills plans published before the dissolution of parliament on 3 May, or whether they will be held back as a manifesto pledge. ...
Energy secretary to 'flex muscles' over rising bills image
Source : BBC [Read Article] Wednesday 19th of April 2017 10:49:17 AM
....But Polly Mackenzie, director of the Money and Mental Health Policy Institute, said: "Shopping around and switching energy providers can be daunting at the best of times, but when you're living with a mental health problem it can feel next to impossible. If you struggle to weigh up complex information, to make telephone calls or even to get out of bed, making sure that you're paying a fair rate for your energy bills is out of the question. ...
UK households face billion pound energy bill with Eastern England hardest hit image
Source : Independent [Read Article] Thursday 13th of April 2017 02:12:37 PM
...
Related to :
Employment is high, skills are in demand. So why is pay still not rising? | Larry Elliott image
....Perhaps more significantly, supermarkets are operating in a highly competitive market that will be made even more challenging by rising inflation. In the energy sector, the lack of competition means EDF can announce it is increasing energy bills for 1. ...
Millions of EDF customers face second price rise this year image
Source : Guardian [Read Article] Wednesday 12th of April 2017 11:36:37 AM
. The government is under mounting pressure to take strong action on rising energy bills after one of the “big six” suppliers imposed its second price hike this year on 1. ...
Chemicals giant Ineos leads industry lobbying to avoid green tax image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:30:14 AM
....Currently, energy users pay a levy to support green energy providers, such as offshore windfarms. Last week, the government announced £100m worth of cuts to the energy bills of heavy users, meaning the chemicals, cement and steel sectors will pay less towards subsidising low-carbon energy generation. ...
Five-minute guide to 'National Price Hike Day' image
Source : Daily Express [Read Article] Sunday 2nd of April 2017 12:01:00 AM
....HIGH ENERGY. Your home energy bill could give you the biggest shock, as the major suppliers ramp up charges at three or four times today’s inflation rate of 2. ...
Boss of British Gas owner gets 40% pay rise as millions live in fuel poverty image
....36m at BP in 2013, has not quite reached the heights of his predecessor at Centrica, Sam Laidlaw, who earned nearly £5m in 2012. Unlike Laidlaw, Conn is comfortable talking to the media and has been robust in arguing against calls for a price cap in the face of rising energy bills. ...
Charge electric cars smartly to take pressure off national grid – minister image
.... However, most of the UK’s existing 10,000-plus charging points do not have such technology. Stewart Reid, ‎head of asset management and innovation at SSE, said realistically some network upgrades, which would ultimately be passed on to energy bills, would be required if electric cars took off in a big way. ...
Theresa May echoes Ed Miliband with promise to reform energy market image
Source : Guardian [Read Article] Friday 17th of March 2017 04:53:15 PM
....”. During a House of Commons debate regarding energy bills, Conservative MP John Penrose reiterated his call for a relative price cap, where there is a limit on the gap between the worst and best deals. ...
How Britons spend their money, plus MPs turn the heat on energy firms image
Source : Guardian [Read Article] Thursday 16th of March 2017 03:44:06 PM
....Ivy restaurant spin-off accused of hogging service charge. UK climate targets ‘will raise household energy bills by £100 in a decade’. ...
Elderly 'hit by line rental charges' image
Source : BBC [Read Article] Thursday 16th of March 2017 11:00:38 AM
...."Life costs more if you are disabled," said James Taylor at disability charity Scope, who called for more to be done to get people with disabilities online. The combined cost of higher energy bills and specialist equipment reaches on average £550 per month, according to Scope research. ...
UK climate targets 'will raise household energy bills by £100 in a decade' image
. The cost of supporting new windfarms and nuclear power stations to meet the UK’s carbon targets will add nearly £100 to the average household energy bill by the end of the next decade, according to a government adviser. ...
Low carbon drive 'cuts household bills' image
Source : BBC [Read Article] Thursday 16th of March 2017 12:13:08 AM
....44 homes every minute, day and night. A recent report from the House of Lords Economic Affairs Committee said energy bills had been pushed up by "poorly designed government interventions in pursuit of decarbonisation". ...
Energy costs to soar as Big Six companies turn up the heat image
Source : Daily Express [Read Article] Tuesday 14th of March 2017 08:01:00 AM
.... . This will add more than half a billion pounds to the nation’s collective energy bill, with suppliers claiming that wholesale energy price rises are to blame. ...
How to beat UK energy price rises image
Source : Guardian [Read Article] Monday 13th of March 2017 12:20:57 PM
.... “We still get lots of competition, lots of choice, but it does mean the most vulnerable of us or those of us with least time to switch suppliers don’t get ripped off,” said Penrose. Penrose has secured a House of Commons debate on Thursday on energy bills. ...
UK households spent £180m on 'unnecessary' power capacity – report image
Source : Guardian [Read Article] Monday 13th of March 2017 06:01:24 AM
. Households have spent £180m over the past three years on spare power capacity that was never used, according to a report that comes as MPs prepare to debate what can be done about rising energy bills. ...
Energy companies ‘ripping off’ millions, ministers say image
Source : Guardian [Read Article] Sunday 12th of March 2017 12:05:09 AM
.... The latest increases come despite the energy regulator Ofgem recently saying it saw no reason for the big six to raise prices despite upward price pressures, because of the way they hedge when buying power. Pressure on the government to step in is mounting from MPs, who say Theresa May can go a long way to honour her commitment to help the less well-off by addressing the issue of energy bills, which Ofgem says now account for 10% of spending in the poorest households, compared with just 5. ...
How free market helped big six energy firms to rack up huge profits image
Source : Guardian [Read Article] Sunday 12th of March 2017 12:05:09 AM
....But government interventions may be part of the problem, according to Richard Neudegg, the head of regulation at uSwitch. “Tinkering with ideas like price caps as a magic bullet to bring down energy bills is a knee-jerk reaction that will leave consumers even more out of pocket in the long term,” he said. ...
E.ON price rise branded 'monstrous' as users face £97 a year extra image
Source : Guardian [Read Article] Tuesday 7th of March 2017 03:32:17 PM
....5 million E. ON customers will pay an extra £97 a year on energy bills in what consumer groups have branded a “monstrous” and “crippling” blow for householders. ...
E.On to raise gas and electricity prices in April image
Source : BBC [Read Article] Tuesday 7th of March 2017 11:24:37 AM
....Wholesale energy costs had actually come down, it said, thanks to its hedging policy. But the announcement was criticised by some energy bill experts. ...
UK 'must insulate 25 million homes' image
Source : BBC [Read Article] Tuesday 28th of February 2017 12:07:22 AM
....Mr Smith is currently refurbishing Ruth Baber's home in Wimbledon, south London. He says it has added 10% to the £250,000 total cost, which included major extensions, but will save 80% of energy bills and take about 20 years to recoup. ...
Energy bills: are UK customers finally starting to switch supplier? image
Source : Guardian [Read Article] Monday 27th of February 2017 12:01:44 AM
. The competition watchdog’s decision not to impose price caps on energy bills has received backing from new data showing that the number of gas and electricity customers switching to a different provider rose by almost 30% in 2016. ...
Windfarms aren’t the real reason energy bills are rising. Blame the free market image
.... The average domestic electricity bill was 58% higher in 2016 than it was in 2003,” the economic affairs committee said in its report on energy policy. Anyone reading it would have been forgiven for directing their anger at windfarms when increases in their energy bills land, as half of the big six energy suppliers are planning. ...
Barclays: triple the profits, but still a work in progress | Nils Pratley image
Source : Guardian [Read Article] Friday 24th of February 2017 07:09:13 AM
.... But Conn is probably correct to think that the government, with a green paper on consumer markets in the offing, won’t have the appetite to fix energy prices. If business rates can damage a minister’s career, who would want direct responsibility for setting every household’s energy bill?. ...
Government meddling makes energy costlier, peers say image
Source : BBC [Read Article] Friday 24th of February 2017 12:23:42 AM
...."It's a very high price that is being paid," says Lord Hollick, who chairs the House of Lords Economic Affairs Committee. He points out that green levies, which account for around 10% of energy bills, are set to soar: "Those renewable costs are estimated to go up to nearly 25% by the mid 2020s. ...
British Gas says competition has hit profits image
Source : BBC [Read Article] Thursday 23rd of February 2017 09:02:22 AM
....British Gas has also announced a loyalty scheme to reward existing customers. They will be able to get deals on TV packages, boiler maintenance, and reduced energy bills. ...
Gas and electricity prices may have to rise further, warns industry body image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 03:11:24 PM
. Britain’s big six energy suppliers are under pressure to pass on more price hikes to consumers’ energy bills, the industry trade body has warned. ...

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