Wholesale gas price to drop again. Will energy rates follow?

Analysts have predicted that wholesale gas prices will continue to fall in 2016. While this seems like good news, will we see the knock on effect on business energy prices in the near future? Prices dropped as a mild winter in the UK meant a lower demand for energy along with lower prices globally thanks reduced demand […]

Energy prices hit five-year low. Will businesses profit?

News has just been released that wholesale gas and electricity prices hit a five-year low at the end of 2015 putting more pressure on suppliers to slash prices. Prices plummeted as a mild winter in the UK meant a lower demand for energy along with lower prices globally thanks to shale exploration and an attempt […]

British Gas announce 5% cut on gas prices

It seems that the government’s call for cheaper gas prices hasn’t fallen on deaf ears. British Gas has announced it will cut its domestic gas prices by up to 5%. This will come into force towards the end of August and should reduce consumers bills by an average of £35 a year. British Gas managing […]

Gas distribution charges to decrease over next six years

Great news for consumers as Ofgem has predicted a 5.5% drop in gas distribution charges by 2021 bringing average payments down from £141 to £133. Ofgem reported that gas distribution companies had so far “outperformed” their allowances under RIIO-GD1, by carrying out services for lower than the price control allowed. They will therefore be in […]

Energy prices at lows not seen since 2010

The market price of UK gas has plummeted to costs seen back in 2010 as pressure is mounting to reduce energy bills. Wholesale gas averaged 47.1 pence per therm, the lowest quarterly average since Q1 2010. The falling oil price down to US fracking and reduced demand in Asia is seen to be a contributing […]

Big Six have been overcharging for years say CMA

The Big Six are in the firing line today as the Competition and Markets Authority released their initial results of a year-long examination of the UK energy market. It transpires that UK households have collectively overpaid by £1.2bn a year for their energy due to average domestic prices being offered by the ‘big six’ energy […]

New rules from Ofgem cause confusing bills

After the spotlight was shone on energy bills a few months ago with regard to their confusing nature, Ofgem put new billing rules into place in April. However, far from making the bills more consumer friendly, energy supplier SSE claim that the new layout has succeeded only in confusing customers further. They reported to the […]