If you’re fed up with rising energy bills, there was yet more bad news today. A report in the Telegraph reveals that the government’s energy policies will boost energy bills by a further 30% over the next decade. The only positive thing one can say about this rise is that at least it’s clear why [...]
The Office of Gas and Electricity Markets (OFGEM) has hired forensic accountants BDO to scrutinise how the top UK energy suppliers make their profit. BDO will look at the trading profits, wholesale prices and hedging practices at British Gas, E.ON Energy, EDF Energy, Npower, Scottish & Southern Energy and Scottish Power. The involvement of BDO [...]
For a graphical depiction of Wholesale electricity market movements 2008-2011 please click below: 2011.07Auditel Electricity Graph For a graphical depiction of Wholesale gas market movements 2006-2011 please click below: 2011.07Auditel Gas Graph
The Government has acknowledged it will have to prop up struggling British industry hit by five green taxes that are forecast to add between 7pc and 58pc to electricity prices. Businesses are facing huge uncertainty after the Government’s new forecasts, which show a wide range of possible price increases in different scenarios. Read the full [...]
Only one in 10 people check their network’s data-roaming charges or activate cheaper bundles of megabytes before going on holiday, the phone retailer Carphone Warehouse has found. Read the full ZDNet article here….