E.ON, British Gas, Scottish Power, nPower and now SSE have announced domestic energy price cuts. As predicted by us last week that leaves one outlier remaining, EDF Energy. With the media hot to trot on the latest energy news and the faux expression of concern from price comparison websites looking to make a quick buck […]
Oil rises on King Abdullah’s death
Before we start this article can we please reiterate that the oil price has an extremely limited impact on the price of gas or electricity beyond normal economic factors, however the collapse in the price in crude oil is now forecast to end in 2015. The International Energy Agency (IEA) has forecast that the: “Signs are […]
The truth about business energy prices
As we predicted earlier this week another domestic energy supplier, nPower, has announced a price cut. On Tuesday we said: “The simple rule is, following pressure (or on the odd occasion the desire to be seen as a market leader) one of the Big 6 will move their price (up or down) by a defined […]
Austria challenges Hinkley Point
The long running saga, and much needed development of the first new build nuclear plant in a generation continues to roll on with little sign of a positive end. Whilst EDF Energy ‘expects’ to sign up their co-investors by the end of this quarter, Austria has announced an escalation in their objection to the new […]
Hissing in the wind
The political battlefield, increasingly centred on energy, is not confined to the Big 6 to be or not to be of passing through wholesale prices. Or to the various levels of state intervention now being promoted by the various political parties Indeed another front in the pre-general election posturing on energy is the future of […]
Ofgem announces strengthened code for Price Comparison Websites
Following the 2014 controversy over the behaviour of price comparison websites, the energy regulator Ofgem has acted. In early Autumn last year it was publicly revealed for the first time that price comparison websites, to varying degrees, ‘hide’ those deals that they cannot or do not wish to fulfil and which they cannot monetise. This came […]
nPower’s Massara hits back
Much maligned Big 6 energy supplier nPower, who are as yet to follow the herd in cutting domestic energy prices have hit back at the increasing populism of political attitudes to UK energy policy with Chief Executive Paul Massara’s letter to Energy Minister Matthew Hancock being leaked. Massara’s note said: “Political factors have…become increasingly significant […]
Scottish Power Announce Domestic Energy Price Cut
In the latest tediously predictable news from the domestic energy market, as forecast earlier today, Scottish Power have, as all the domestic Big 6 suppliers do, behaved like the proverbial sheep, followed the flock and reduced their prices by 4.8%. Have you ever herd anything so ridiculous? Well yes actually we have, cue Red Ed Miliband’s […]
British Gas cuts domestic prices (surprise)
If only everything was as predictable as the domestic energy market. For something that is so predictable an awful lot of fuss is made about the inevitable. The simple rule is, following pressure (or on the odd occasion the desire to be seen as a market leader) one of the Big 6 will move their […]
Sellafield debacle underlines UK energy policy failings
It had been on the cards for a while but now it is official. The scale of the problems within the Sellafield nuclear waste clean up operation has led to the contract being ripped up and existing providers Nuclear Management Partners (NMP) being relieved of their duties. The NMP consortium, comprising of the UK’s Amec, France’s Areva and […]